Casting Technologies Farsund

Type
Business expansion
Country
Norway
Region
Norge; Agder og Sør-Østlandet;
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
170 jobs
Number of planned job creations
Job creation
Announcement Date
19 February 2009
Employment effect (start)
19 February 2009
Foreseen end date
28 July 2009

Description

Casting Technologies Farsund (CTF), a subsidiary of CTC Casting Technologies, announced its closure in January with the loss of 240 jobs. As Ferrari 19th of February signed new agreement with CTF, it became clear that the company has secured production until 28th of July for Ferrari, BMW and Porsche, giving work to between 160 and 180 workers.

Sources

  • 19 February 2009: Fædrelandsvennen (www.fvn.no)

Citation

Eurofound (2009), Casting Technologies Farsund, Business expansion in Norway, factsheet number 68254, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68254.