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Ørsted to Cut 2,000 Jobs by 2027 as It Refocuses on Europe

The company says the reductions are right-sizing to restore competitiveness after a turbulent expansion.

Overview

  • Global headcount will fall from about 8,000 to roughly 6,000 by the end of 2027 as large construction projects are completed.
  • About 500 roles will be made redundant this year, including 235 in Denmark, with no country-by-country breakdown provided for other markets such as the UK.
  • Ørsted will trim staffing through redundancies, natural attrition, outsourcing and divestments to create a leaner organization.
  • The strategy shifts emphasis to core European projects and select Asia-Pacific markets after delays, cancellations and U.S. regulatory setbacks.
  • The company recently completed a DKK 59.56 billion ($9.35 billion) rights issue, and U.S. actions including a stop-work order on the near-complete Revolution Wind—later eased by a court injunction—highlight ongoing risk.