Insider Brief
- CS Wind Offshore plans to lay off approximately 220 employees at its Odense Port monopile production site due to a lack of new orders.
- The decision follows widespread postponements and cancellations of offshore wind projects, which have disrupted the supply chain and rendered the factory idle for an extended period.
- Despite the downturn, CS Wind Offshore remains committed to the monopile market and aims to continue deliveries in the future through its global production setup.
PRESS RELEASE – 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. As part of this, the company unfortunately sees no other way than to significantly reduce its manning and therefore contemplates to lay off approximately 220 employees.
Unfortunately, several offshore wind projects are being either postponed or cancelled due to political interventions and unfavorable terms for business cases. This impacts the entire supply chain, including CS Wind Offshore as a supplier to the industry.
But, with the promising long-term outlook for monopile business, we therefore continue exploring various strategies to ensure continuation and growth of the operations.
A lack of new monopile orders now unfortunately means that the CS Wind Offshore monopile factory at Odense Port will be idle for a substantial period of time, leading to the need for a significant reduction of the workforce at the Lindø site at Odense Port.
“Over the past couple of years our employees have worked very hard to get our monopile factory fully up and running. Great progress has been made, and it is highly regrettable that we now see no other option than to ramp down due to a lack of new orders”, said CS Wind Vice Chairman Knud Bjarne Hansen and continued:
“We sincerely regret the impact this is likely to have on good and highly competent colleagues, who have dedicated their time and efforts to the company. This includes not only our own staff, but also the many sub-suppliers who are supporting our work in various ways. We are committed to ensuring a proper and thorough dialogue with our employees and supporting them in moving on in the best possible way”.
Despite the current lack of monopile orders, CS Wind Offshore remains committed to the business area and expects to deliver its high quality monopiles to customers once again in the future, possibly not just from the factory at Odense Port, but also leveraging the global production setup that CS Wind has available.
CS Wind Vice Chairman Knud Bjarne Hansen concludes: “CS Wind acquired Bladt Industries in order to expand our offshore product offering, so there is no doubt that we want to stay in the monopile business. It is also important to note that we will of course finalize delivery of the monopiles we are currently producing at Odense Port so the contemplated reduction of the workforce will take place over the coming 3-9 months”.
CS Wind Offshore will now go into a consultation process with employee representatives and aims to give clarity to all employees by the 23 May.
CS Wind Offshore operates as an independent business unit within the South Korea-founded CS Wind corporation, the world’s leading manufacturer of wind turbine towers. Since joining CS Wind in December 2023, we’ve chosen to focus exclusively on manufacturing offshore wind foundations. We have completed over 50 wind farm projects and delivered more than 3,200 foundations worldwide.
