Overview

• The company plans to reduce its global headcount by about a quarter, targeting roughly 2,000 roles by the end of 2027.
• About 500 positions are slated to go before year‑end from a workforce of around 8,000 employees.
• Management cites a streamlined focus and the completion of a large construction portfolio in the coming years as reasons for needing fewer staff.
• Reductions will include redundancies as well as attrition, outsourcing, and potential divestments, according to the company.
• Ørsted recently raised 59.56 billion Danish kroner to bolster its balance sheet, and its shares rose about 1% after the announcement.