Ørsted is preparing a large round of layoffs, which is expected to be announced at the end of next week. According to several sources with insight into the process, around 20 percent of the company's more than 8,000 employees will leave the company. This is reported by Berlingske.
The top management has already been informed, and the employees have previously been informed that a notice about the so-called right sizing (adjustment, ed.) of the organization would be sent out before the turn of the year. Now it seems to be happening earlier than expected.
"We do not comment on rumors. As previously communicated, we will look at how we adapt the company to the reality in which we operate, our strategy and objectives," reads a statement from Ørsted's press department.
The company is in the midst of a significant restructuring after a period of major financial challenges and cancelled projects, both in Denmark and internationally. Ørsted has recently abandoned several major initiatives, including an offshore wind farm in England and a PtX project in Denmark. At the same time, the company's share price has fallen by around 70 percent over the past two years.
CEO Rasmus Errboe, who took office in February, has announced that Ørsted will adjust its organization and focus on offshore wind in Europe in the future. This is happening as the company's current construction projects are nearing completion, and there are fewer new projects on the horizon.
In February, it was announced that fixed costs would be reduced by 1 billion DKK, corresponding to 600-800 positions. The new round of layoffs will therefore be significantly larger.
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