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
150 jobs Number of planned job creations
Announcement Date
9 January 2023
Employment effect (start)
9 January 2023
Foreseen end date
31 December 2023
Description
The Lithuanian-capital company Axioma Metering, engaged in manufacturing of smart metering devices, is to create around 150 new jobs in Kaunas Free Economic Zone in 2023. The company has started building a new factory which is expected to be completed in the first quarter of 2024. The company has announced that it will invest more than €15 million in the construction of the new factory and hire around 150 new employees in 2023. In 2024, Axioma Metering plans to add about 180 more professionals to their team. The company expects that the total production capacity will triple to more than 6 million meters when the investment is fully completed.
Axioma Metering belongs to the ICOR group of companies. The company is manufacturing smart meters that are designed for monitoring industrial, commercial, and residential buildings. Currently, the company employs 338 employees in Lithuania.
Eurofound (2023), Axioma Metering, Business expansion in Lithuania, factsheet number 108164, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108164.
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