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.
Ørsted, the Danish renewable energy company, has announced that it will cut about 2,000 jobs globally by the end of 2027.
Around 500 redundancies are planned for the fourth quarter of 2025, including about 235 positions in Denmark. The job cuts will be implemented through a combination of natural attrition, outsourcing, divestments and redundancies. Ørsted stated that the process will be carried out in line with local regulations and in dialogue with employee representatives.
The restructuring is part of Ørsted’s strategy to strengthen competitiveness, reduce costs and refocus its activities on offshore wind in Europe and selected Asia-Pacific markets, following rising costs, inflationary pressures and setbacks in the US market. According to the company, the measures are expected to generate annual cost savings of around €268 million from 2028.
Headquartered in Denmark, Ørsted is the world’s largest offshore wind developer and a key player in Europe’s green energy transition. The company has 8,000 employees globally, with most employees in different locations in Denmark.
The previous global restructuring was recorded in the ERM database: Ørsted 2024-WO
Eurofound (2025), Ørsted , Internal restructuring in World, factsheet number 203932, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203932.