Type
Business expansion
Country
Lithuania
Region
Lietuva; Kauno apskritis;
Location of affected unit(s)
Kaunas
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

100 jobs
Number of planned job creations
Job creation
Announcement Date
22 December 2016
Employment effect (start)
1 March 2017
Foreseen end date
31 May 2017

Description

Telecommunications company Teltonika is to create more than 100 new jobs in Kaunas by the end of May, 2017. Currently the company employs 523 employees. The company announced plans to move to a new office in spring of 2017 and to further expand in Lithuania in the coming years. According to the management, the company has plans to create around 1000 new jobs in Lithuania by 2022.


Sources

  • 22 December 2016: 15min.lt
  • 27 December 2016: Lietuvos Rytas

Citation

Eurofound (2016), Teltonika, Business expansion in Lithuania, factsheet number 89693, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89693.