Picture taken on September 4, 2023 shows windmills at the Nysted Offshore Wind Farm constructed by Danish windpower giant Orsted in 2002-2003 in the Baltic Sea near Gedser in Denmark.
Thomas Traasdahl | Afp | Getty Images
Beleaguered wind farm operator Orsted announced Thursday that it intends to cut up to 2,000 jobs toward the end of 2027, in a bid to become more competitive and refocus its efforts on Europe.
The company has faced headwinds this year as President Donald Trump’s administration clamped down on wind power generation in the United States.
Orsted’s shares were 1% higher in early European trade on Thursday.
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