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 Other Transport Equipment 30.30 - Manufacture of air and spacecraft and related machinery
166 jobs Number of planned job creations
Announcement Date
23 May 2022
Employment effect (start)
23 May 2022
Foreseen end date
31 December 2023
Description
The Lithuanian company NanoAvionics specialised in the manufacturing of small satellite buses is to create around 166 new jobs in Vilnius by the end of 2023. The company is currently moving to new premises and has plans to expand the scale of production and hire more employees. According to the management, the total number of employees should reach 200/230 by the end of 2022, and the company expects to have a team of 300 employees by the end of 2023. Currently, the company employs 134 employees.
NanoAvionics is a company delivering satellite buses and propulsion systems for the satellite applications market. In 2020, the company earned €7.4 million in revenue. It was established in Vilnius in 2014.
Eurofound (2022), NanoAvionics, Business expansion in Lithuania, factsheet number 106837, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106837.
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