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COPENHAGEN - Danish energy company Ørsted announced Thursday it will reduce its workforce by approximately 2,000 positions by the end of 2027 as part of efforts to strengthen its competitiveness and focus more on offshore wind and European operations.
The company, which currently employs around 8,000 people globally, expects to have a workforce of about 6,000 by late 2027. The reduction will occur through natural attrition, position eliminations, divestments, outsourcing, and redundancies.
As an immediate measure, Ørsted will make approximately 500 employees redundant in the fourth quarter of 2025, including about 235 positions in Denmark.
CEO Rasmus Errboe cited the company’s strategic shift toward offshore wind, the upcoming completion of several wind farms, and the need to improve competitiveness as key factors behind the decision.
"We’re committed to maintain our position as a market leader in offshore wind, and we need to ensure that offshore wind becomes a key element of Europe’s future energy mix and green transition," Errboe said in the press release.
The workforce reduction is part of Ørsted’s updated business plan announced earlier this year, which includes a sharper geographical and technological focus primarily directed toward offshore wind in Europe and select markets in the Asia-Pacific region.
Ørsted will continue to focus on operating its Danish combined heat and power plants while working to complete its current 8.1GW construction portfolio across three continents.
The company expects annual cost savings of approximately DKK 2 billion ($290 million) from 2028 once all efficiency measures have been implemented. These projected savings have already been incorporated into the company’s business plan, according to the statement.
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