Danish offshore wind farm installation and services company A2SEA has decided to focus its business solely on installation of offshore foundations and turbines.
As a result, A2SEA’s cable installation subsidiary CT Offshore will not be taking on any more projects and, according to the company, all vessels and equipment will be sold.
Due to this shift in priorities a considerable number of employees in both A2SEA and CT Offshore are expected to be made redundant.
Furthermore, the company said it will lay up and sell the vessels SEA POWER and SEA JACK, and drop the Crew Transfer Vessels from its product portfolio.
A2SEA also noted that hearings between management and employee representatives will take place during the rest of the day and affected employees will be informed this week.
As a part of the organisational restructuring in A2SEA, COO Hans Schneider will no longer by a part of the executive committee in A2SEA and has decided to continue his career outside the company.