Novo Nordisk Faces Board Overhaul Amid Strategic Shifts and Market Pressures
Leadership Turmoil at Europe’s Former Most Valuable Company Novo Nordisk, the Danish pharmaceutical giant behind blockbuster drugs Ozempic and Wegovy,…
Tag: Denmark
Orsted Announces Major Workforce Reduction of 2,000 Jobs in Strategic Restructuring
Danish renewable energy giant Orsted is eliminating 2,000 positions, representing a quarter of its global workforce. The cuts are part of a strategic shift toward European offshore wind markets and select Asia-Pacific regions. The company expects to realize approximately $311.5 million in annual cost savings by 2028.
Orsted, the Danish renewable-energy leader, will slash approximately 2,000 jobs over the coming years as part of a major strategic restructuring. The workforce reduction represents about a quarter of the company’s global employees and comes alongside plans to scale back its international footprint to concentrate on core markets. This dramatic cost-cutting initiative aims to save around $311.5 million annually by 2028, when efficiency measures become fully implemented.