Danish renewable energy company Ørsted has announced that it would be reducing its workforce by approximately 2,000 people towards the end of 2027.
The company explained that this was due to its increased focus on offshore wind and Europe, as well as several offshore wind farms will be finalised in the coming years. Ørsted also stated that it needed to improve its competitiveness.
“Today, we’ve told our employees that from now until the end of 2027, we’ll be saying goodbye to many skilled and valued colleagues who’ve contributed greatly to Ørsted. However, this is a necessary consequence of our decision to focus our business and the fact that we’ll be finalising our large construction portfolio in the coming years, which is why we’ll need fewer employees,” said Rasmus Errboe, CEO of Ørsted.
Ørsted currently employs around 8,000 people globally, which, the renewables developer claims, “matches the current high level of activity”. But by the end of 2027, the company expects to have a workforce of around 6,000 employees. Currently, Ørsted is finalising an 8.1GW construction portfolio across three continents.
Approximately 500 employees will be made redundant in the fourth quarter of 2025, including 235 workers in Denmark.
“We also need to reduce our costs for developing, constructing, and operating offshore wind farms to strengthen our competitiveness,” Errboe added.
Once all of this has been implemented, the annual cost savings for the company are expected to amount to DKK 2bn ($310m) from 2028.
