Ørsted to cut 2,000 jobs globally – impact in Asia uncertain

Danish renewable-energy developer Ørsted has announced plans to reduce its global workforce from around 8,000 to about 6,000 employees by the end of 2027, citing a need to align staffing with current activity levels.

According to the company, the downsizing will be carried out “through natural attrition, a reduction of positions, divestment, outsourcing, and redundancies.” The reorganisation follows what Ørsted described as a shift in geographic focus, prioritising offshore wind markets in Europe and select markets in Asia-Pacific.

Ørsted employs staff across several Asian countries, including Malaysia, Taiwan, and Vietnam. Its Malaysia office serves as a major global centre of excellence with hundreds of employees working in engineering, IT, and finance, while its Taiwan team supports the Greater Changhua offshore wind projects. In Vietnam, Ørsted opened an office in Hanoi as part of its entry into the local offshore wind market.

The company has not specified how the upcoming job reductions will affect particular countries or departments. However, the restructuring could impact teams in locations where Ørsted is adjusting its project pipeline or scaling down early-stage developments.

Ørsted said the organisational changes are part of efforts to strengthen competitiveness amid challenging market conditions for renewable energy developers worldwide.

Source: Splash247.com

About Avi Jagota

Avi Jagota was a finance intern at ScandAsia.com and the ScandAsia Magazine. During this time he assisted creating project records, tracking budgets, and participated in editorial strategy discussions. He also started publishing business articles related to financial issues and continued as an occassional editorial contributor after his intership. Avi Jagota is of Thai-Indian decent and is currently an undergraduate student at Indiana University in Indianapolis. He is passionate about sustainable business practices, finance, and food equity and actively involved in surplus food distribution initiatives, exploring how economics and responsible innovation can drive long-term impact.

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