Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Orsted ( (DOGEF) ) is now available.
Ørsted has announced a strategic reorganization to enhance its competitiveness by reducing its workforce by approximately 2,000 positions by the end of 2027. This decision is part of Ørsted’s updated business plan to focus more on offshore wind and Europe, as several offshore wind farms are set to be completed in the coming years. The company aims to create a more efficient and flexible organization, ensuring its market leadership in offshore wind and contributing to Europe’s green energy transition. The restructuring is expected to generate annual cost savings of around DKK 2 billion from 2028, strengthening Ørsted’s financial position and competitiveness.
More about Orsted
Ørsted is a global leader in developing, constructing, and operating offshore wind farms, primarily focusing on Europe. With over 30 years of experience in offshore wind, Ørsted boasts 10.2 GW of installed offshore capacity and 8.1 GW under construction. The company also engages in onshore wind, solar power, energy storage, bioenergy plants, and energy trading, with a total installed renewable energy capacity exceeding 18 GW across Europe, Asia Pacific, and North America. Headquartered in Denmark, Ørsted employs approximately 8,000 people and is recognized as a global sustainability leader.
See more data about DOGEF stock on TipRanks’ Stock Analysis page.