Equinor cuts 20% of renewables workforce amid offshore wind challenges
According to a report by Reuters, Norway’s Equinor is reducing its renewables workforce by 20%, approximately 250 full-time roles, due to challenges in the offshore wind sector. These challenges include cost inflation, high interest rates, and supply chain issues. Employees directly employed by the parent company will be offered roles in other business areas to minimize the number of layoffs. The company, which plays a significant role in the global offshore wind sector, has exited…