Wind power giant Orsted to slash 2,000 jobs over next two years

Core Viewpoint - Orsted plans to cut up to 2,000 jobs by the end of 2027 to enhance competitiveness and refocus on the European market [1] Group 1: Company Strategy - The job cuts are part of Orsted's strategy to become more competitive in the wind power sector [1] - The company aims to refocus its efforts primarily on Europe, indicating a shift in operational priorities [1] Group 2: Market Context - Orsted has faced challenges this year due to regulatory actions from the Trump administration that have impacted wind power generation in the United States [2] - Despite these challenges, Orsted's shares saw a 1% increase in early European trading on the announcement day [2]