(Bloomberg) -- GE Vernova Inc. may cut about 900 jobs globally as it moves to shrink its offshore wind business.
In a proposal to a group that represents European employees, GE Vernova said Thursday it intended to transform its offshore business globally into a smaller, leaner and more profitable business, according to a company representative.
The offshore-wind industry has grappled with inflation and supply chain disruptions, which have prompted project delays and cancellations.
GE Vernova has also faced high-profile struggles with projects in recent months, including a blade failure at an offshore wind project in the UK and a blade that washed onto Nantucket shores, shutting beaches on the wealthy Massachusetts enclave.
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