The Danish energy developer Ørsted has laid off 191 Danish employees as part of a major layoff round. The company informs Sjællandske Nyheder.
The company has thus made a smaller cut to its Danish workforce than planned. In October, the company announced that it would cut a total of 500 positions globally in the last quarter of the year. At the time, it was said that 235 of them would be in this country.
- These are skilled and valued colleagues we have said goodbye to, writes Henriette Fenger Ellekrog, Group HR Director at Ørsted, in an email to the media.
- We have had a dialogue with employee representatives and are offering support and severance packages to affected employees, which can provide a good starting point for moving forward in their careers.
The company does not wish to disclose where in the group the layoffs have taken place.
Fewer projects mean fewer employees are needed
Ørsted plans to reduce the number of employees globally from 8,000 to 6,000 by the end of 2027, the company announced in October.
It was expected that there would be layoffs at the Danish energy company, which has been facing headwinds recently, including in USA. Here, US President Donald Trump has created great uncertainty about the market for offshore wind turbines.
The company has explained the layoffs by saying that a number of offshore wind farms will be completed over the coming years. Afterwards, fewer employees will be needed. Ørsted's goal is that the "overall efficiency improvements" should provide annual savings of approximately two billion kroner from 2028.
The company changed its CEO at the beginning of February. Mads Nipper resigned, and Rasmus Errboe took over as CEO. Errboe said in October that he took full responsibility for the situation the company finds itself in.
The company's downfall can be seen, among other things, in the share price, which has been on an almost continuous downward trend for several years. It has lost more than 80 percent of its value since it peaked in 2021.
/ritzau/
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
