AUSTIN, Minn. — Hormel Foods announced a voluntary early retirement program for part of its non-plant workforce, a move expected to reduce about 250 corporate and sales positions. The company is also closing many open roles and reducing certain office-based positions.

"We approached every decision with care and respect for our team members," Jeff Ettinger, interim CEO, said. He emphasized support and resources for those impacted.

Hormel Foods is focusing on balancing cost discipline with reinvestment. "Growth requires continued investment," John Ghingo, president, said. The company plans to invest in technology, innovation, and food safety.

The restructuring will incur charges between $20-$25 million, primarily related to pension benefits and severance payments, expected in late 2025 an

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