Elcoteq - Company Announcement

ELCOTEQ CONCLUDES PERSONNEL NEGOTIATIONS IN FINLAND

Elcoteq SE	Stock Exchange Release	January 20, 2009 at 9:30 am (EET)

The personnel negotiations concerning Elcoteq SE, Finnish Branch and Elcoteq
Finland Oy have been concluded. As a result of these negotiations the companies
have decided to make altogether 30 people redundant on financial and production
grounds. Out of the total number, 5 are salaried employees and 25 are senior
salaried employees. In the beginning of the negotiations, the estimated total
number of reductions was 50. After these decisions and previously announced
reductions in Salo will become effective, Elcoteq has approximately 160
employees in Finland. 

The objective of these measures is to improve the Group's long-term
profitability and competitiveness. The personnel negotiations in Finland are
part of a restructuring plan announced January 15, 2009 that applies to the
entire Group and under which altogether approximately 5,000 persons will be
made redundant. 


ELCOTEQ SE 

Minna Aila
Director, Investor Relations and Corporate Responsibility

Further information:

Markus Kivimäki, SVP, Legal Affairs, tel. +358 10 413 1248
Minna Aila, Director, Investor Relations and Corporate Responsibility, 
tel. +358 10 413 1908

About Elcoteq
Elcoteq SE is a leading electronics manufacturing services (EMS) company in the
communications technology field. Elcoteq's global service offering covers the
entire lifecycle of products, from product development to after market
services. By further combining mechanics expertise into its service offering,
Elcoteq's vision is to be a leading integrated electronics manufacturing
services (IEMS) company. 
Elcoteq provides global end-to-end solutions consisting of product development
services, supply chain management, NPI, manufacturing, and after market
services for the whole lifecycle of its customers' products. These products
include Personal Communications products such as mobile phones and their parts,
Home Communications products such as set-top boxes and electronics for flat
panel TVs as well as Communications Networks products such as base-stations,
tower-top amplifiers, and microwave systems. 

Elcoteq operates in 15 countries on four continents and employs some 21,000
people. The Group's consolidated net sales for 2007 totaled 4.0 billion euros.
Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd. For more information visit
the Elcoteq website at www.elcoteq.com.