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 26.8 - Manufacture of magnetic and optical media
200 jobs Number of planned job creations
Announcement Date
2 June 2022
Employment effect (start)
2 June 2022
Foreseen end date
Description
Light Conversion, one of the largest Lithuanian laser manufacturers, is to create around 200-300 new jobs in Vilnius in the coming years. On 2 June 2022, the company officially opened a new production facility in Vilnius that currently employs 391 employees. The new unit houses laser production facilities, a scientific laboratory, an assembly and inspection laboratory, and other facilities. According to the management, the company is constantly looking for highly skilled engineers and physicists, experts in electronics, optics, mechanics, and other fields.
Light Conversion was founded in Lithuania in 1994. Currently, it is one of the world’s leading manufacturers of femtosecond lasers. The company collaborates with NASA and IBM.
Eurofound (2022), Light Conversion, Business expansion in Lithuania, factsheet number 106923, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106923.
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