Ørsted A/S: Notification of managers transactions finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Ørsted plans workforce downsizing and a decrease in its 2030 renewable energy target from 50GW to 35-38GW, in a bid to recover from a challenging financial year.
Now Orsted has announced a much bigger overhaul is in the works—and it involves job cuts, the suspension of dividends at least until 2025, and its exit from several European markets. The Copenhagen-listed company’s CEO, Mads Nipper, said in a release Wednesday the changes were aimed at reducing risks and turning Orsted into a “leaner and more efficient organization.” The company, which currently employs over 9,000 people, will trim up to 800 jobs globally and halt dividend payments until 2025. That’s not all—Orsted also plans to quit its markets in Norway, Spain, and Portugal as part of the new effort.
Capital Markets Update: Ørsted presents updated business plan following comprehensive portfolio review - Thomas Thune Andersen steps down as Chair at upcoming AGM finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.