Equinor has announced plans to reduce its global renewables workforce by 20%, equivalent to approximately 250 full-time positions.
However, the company emphasized that the actual number of redundancies will be significantly lower, as affected employees in the parent company will be offered roles in other areas.
The majority of these workforce reductions will occur in Equinor's offshore wind sector, with cuts also impacting its onshore wind and solar operations. A spokesperson explained that the offshore wind industry is experiencing its "first real downturn" due to challenges over the past 18 months, including inflation, rising costs, higher interest rates, and supply chain bottlenecks.
These factors have placed pressure on profit margins, leading Equinor to implement cost-saving measures to ensure long-term profitability in its renewables business. The company remains focused on adapting to industry challenges while positioning itself for sustainable growth.
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