GE Vernova Says It May Cut 900 Jobs in Offshore-Wind Revamp (1)

GE Vernova Inc. may cut about 900 jobs globally as it moves to shrink its offshore wind business, the latest sign of trouble for the industry.

In a proposal to a group that represents European employees, GE Vernova intended to transform its offshore business globally into a smaller, leaner and more profitable business, according to a company representative late Thursday.

The offshore-wind industry has grappled with inflation and supply chain disruptions, which have prompted project delays and cancellations. Multiple companies have taken billions of dollars in combined writedowns on US projects in the past year, and the prospect of Donald ...