Ørsted Restructures to Enhance Competitiveness

Ørsted A/S announced plans to reduce its workforce by approximately 2,000 positions by the end of 2027. This decision aligns with their strategic priorities to focus on offshore wind and the European market. As several offshore wind farms near completion, the company seeks to bolster its competitiveness. CEO Rasmus Errboe emphasized the need for a more efficient organization to secure new offshore wind projects.

Currently employing around 8,000 people, Ørsted aims to downsize to about 6,000 employees. The restructuring will occur through natural attrition, divestment, and redundancies, with 500 layoffs anticipated in Q4 2025. Errboe highlighted Ørsted's commitment to finalizing its 8.1 GW construction portfolio and improving financial robustness, targeting annual cost savings of approximately DKK 2 billion from 2028.

The strategic shift emphasizes offshore wind in Europe and selected Asia-Pacific markets. Ørsted's recent initiatives include a rights issue to strengthen its capital structure and a refined focus on efficient operations.