Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Danish energy group Ørsted has announced that it will lay off 250 employees worldwide, including 150 in Denmark.
After the company’s financial report, it was announced that the group plans to cut yearly operational costs by one million Danish kroner (€133.47 million). The move means that between 600 and 800 positions will be cut globally overall in the future, whereof 250 job cuts will take place now. The sources report that the company lost more than 20 billion kroner in 2023.
Founded in 2006, the company has 8.900 employees globally, with most employees in different locations in Denmark. The company is active in the gas and wind energy sector.
The current restructuring event of Ørsted in Denmark has been recorded in the ERM events database Ørsted-2024-DK.
Eurofound (2024), Ørsted, Internal restructuring in World, factsheet number 200803, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200803.