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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.51 - Manufacture of instruments and appliances for measuring, testing and navigation
200 jobs Number of planned job creations
Announcement Date
12 September 2018
Employment effect (start)
1 January 2019
Foreseen end date
Description
Axioma Metering, the company engaged in the manufacturing of metering devices, is to create around 200 new jobs in Kaunas Free Economic Zone in 2019. At the beginning of 2019, the company will open an innovative plant producing ultrasonic water and heat meters. It is expected to complete construction of the plant at the end of 2018. The new unit will produce approx. 1.3 million metering devices a year. The investment into the plant comprise around €11 million. Currently Axioma Metering employs 160 employees.
Sources
Citation
Eurofound (2018), Axioma Metering, Business expansion in Lithuania, factsheet number 95374, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95374.
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