Orsted slashes workforce, Ferrari shares plunge - Oct 9, 2025

Prysmian Daily News Update · Oct 9, 2025 · 2m

As of October 9, today’s news features significant developments in the automotive and renewable energy sectors, alongside market shifts in commodities like copper. Orsted, the world's biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on Europe after setbacks in the U.S. Orsted expanded rapidly over the past decade, but more recently has faced higher costs from supply chain disruption and inflation, plus the impact of U.S. President Donald Trump's actions against offshore wind projects. Meanwhile, Ferrari shares…