US EditionWind group Orsted to slash its workforce by a quarter by 2027
Ørsted plans to reduce its workforce by 25%, aiming to save $311 million annually by 2028 while focusing on European and Asia-Pacific offshore wind markets.
- Orsted announced plans to cut 2,000 jobs, or a quarter of its workforce, by 2027 due to struggles in the United States.
- The company stated it would focus more on its European business and improve competitiveness amidst challenges.
- Orsted's global workforce will decrease from 8,000 to 6,000 by the end of 2027 through various means, including layoffs and outsourcing.
- The company raised $9.4 billion in a rights issue to strengthen its position amid challenges.
49 Articles
49 Articles
The Danish wind energy company Ørsted A/S not only had to collect a huge amount of money, but is now also announcing the dismantling of a quarter of its workforce. Without the green delusion in Europe, the company would have been already at the end. Only in September did the energy giant Ørsted have to pull himself out of the swamp with a billion-dollar capital increase. Without the approximately 9.4 billion dollars of fresh money, insolvency pr…
Danish wind farm builder Orsted is laying off 2,000 of its 8,000 employees. The company has become the global market leader in offshore wind farm construction after becoming the first energy company to completely divest from oil and gas. After several highly successful early years, Orsted recently encountered significant financial difficulties, partly due to projects in the United States that faced opposition from President Trump. Wind farm buil…
Ørsted to Cut 2,000 Jobs by 2027 in Strategic Shift
Faced with numerous headwinds, Ørsted will slash its workforce numbers by 2,000 by 2027, eliminating a quarter of its current roles, the world’s largest offshore wind developer said on Thursday. Fresh off its $9.35 billion rights issue to raise funds from existing shareholders, Ørsted announced today it is taking another step in the execution of its strategic priorities by reducing its organization by about 2,000 positions by the end of 2027.?…
Coverage Details
Bias Distribution
- 39% of the sources lean Left, 39% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
