Vestas to Cut 190 Office Jobs in Denmark Amid Global Workforce Reduction

Vestas Announces Danish Job Reductions

Danish wind turbine manufacturer Vestas has confirmed plans to reduce its workforce by cutting 190 office-based jobs in Denmark. This move is part of a broader global initiative that will see approximately 900 office positions eliminated worldwide by the end of 2025, relative to the company's staffing levels in August of the same year.

Strategic Review Drives Efficiency Measures

Vestas stated that these job cuts are a result of a continuous review of its organizational structure, aimed at ensuring optimal operation and enhancing efficiency. A company spokesperson indicated that these are 'necessary steps to ensure we focus our resources where they create the most value.' The company aims to simplify processes, improve overall efficiency, and 'right-size' various parts of its business operations.

Global Impact and Implementation

The 900 global positions slated for reduction represent approximately 2 percent of Vestas's total worldwide workforce. The company plans to implement these reductions through a combination of methods, including natural attrition, redundancies, and the termination of contracts with third-party consultants. Notably, Vestas had expanded its global employee count by over 3,500 individuals and its Danish workforce by more than 600 since the previous year, highlighting a dynamic approach to its staffing needs.

Financial Context and Broader Industry Trends

Despite the job cuts, Vestas reported solid financial performance, with its third-quarter EBIT margin before special items increasing to 7.8 percent from 4.5 percent in the prior year. The company also adjusted its 2025 outlook, narrowing it around the previous midpoint. This announcement from Vestas aligns with a broader trend observed among several other major Danish companies, including Novo, Ørsted, Nykredit, Lundbeck, and DFDS, which have also announced job reductions recently.