The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
240 jobs Number of planned job losses
Announcement Date
28 January 2009
Employment effect (start)
28 January 2009
Foreseen end date
Description
Casting Technologies Farsund (CTF), a subsidiary of CTC Casting Technologies, has announced its closure with the loss of 240 jobs. It has been known for a while that the company has had problems as a consequence of the financial crisis and reduced car sales. CTF has a debt of 208,7 million NOK while company assets are estimated to 145 million NOK. The chief shop steward says to Farsuns avis that this outcome was expected and that CTF is now history.
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