CS Wind Offshore, a company based in Denmark, is considering laying off around 220 employees at its Odense Port facility due to offshore wind project cancellations and market difficulties.
The company reports that several offshore wind projects are being delayed or canceled because of political interventions and unfavorable business terms, affecting the entire supply chain, including CS Wind Offshore.
“Due to the current market development and cancellation of offshore wind projects, CS WIND Offshore has announced to its employees a need to significantly reduce costs at its production facility at Odense Port. The company, unfortunately, sees no other way than to significantly reduce its workforce,” stated CS Wind Offshore.
The absence of new monopile orders means CS Wind Offshore’s monopile factory at Odense Port will remain inactive for a “substantial period of time,” necessitating a “significant reduction” of its workforce at the Lindø site, according to the company.
“Over the past couple of years, our employees have worked hard to get our monopile factory fully operational. Significant progress has been achieved, and it is regrettable that we now have to ramp down due to a lack of new orders,” said Knud Bjarne Hansen, CS Wind Vice Chairman.
“We deeply regret the impact this is likely to have on skilled colleagues who have dedicated their time to the company. This also affects the many sub-suppliers supporting our work in various ways.”
In December 2023, South Korea-based CS WIND completed the acquisition of Bladt Industries, now known as CS WIND Offshore.
“CS Wind acquired Bladt Industries to expand our offshore product offering, and we intend to stay in the monopile business. We will complete delivery of the monopiles currently being produced at Odense Port, so the workforce reduction will occur over the next 3-9 months,” added Hansen.
Earlier this year, CS Wind Offshore signed a contract with Vattenfall and BASG to supply transition pieces for the Nordlicht 1 and Nordlicht 2 offshore wind farms in Germany. Manufacturing of the 68 units will begin at CS Wind Offshore’s site at Aalborg Port, Denmark, in 2025.
External Resources
For further information on the impact of political interventions on offshore wind projects, please refer to this report on the offshore wind industry.
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