Internal restructuring
Norge; Agder og Rogaland; Vest-Agder
Location of affected unit(s)
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.32 - Manufacture of other parts and accessories for motor vehicles

50 jobs
Number of planned job losses
Job loss
Announcement Date
4 June 2015
Employment effect (start)
1 July 2015
Foreseen end date
1 October 2015


Aluminium manufacturer Farsund Aluminium Casting  will cut  50 positions out of a total work force of 360 in order to reduce costs. The restructuring will be carried out over the next few months. Job reduction measures will include contracts ending and not being renewed, natural wastage and direct dismissals. CEO Jon Ola Ystgaard downplays the gravity of the situation, and underlines that the restructuring is carried out to streamline the production and reduce costs, after a period with high investment and high need for labor at the factory. The factory, which mainly produces die cast aluminium car parts, went bankrupt in 2009. New owners took over, and announced an expansion amounting to 200 new jobs in 2012. The factory has struggled with deficits lately, despite increased revenue.


  • 4 June 2015: Fædrelandsvennen


Eurofound (2015), Farsund Aluminium Casting, Internal restructuring in Norway, factsheet number 83678, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83678.