Elcoteq - Company Announcement

Elcoteq Concludes Personnel Negotiations in Finland

Elcoteq SE
Stock Exchange Release
November 8, 2010, at 09.00 am (EET)

The personnel negotiations concerning Elcoteq SE, Finnish Branch, Elcoteq
Finland Oy and Elcoteq Design Center Oy have been concluded. As a result of
these negotiations the companies have decided to make altogether 11 persons
redundant and temporarily lay-off 10 persons, both on financial and production
grounds.


ELCOTEQ SE

Susanna Sieppi
Communications Manager

Further information:
Tommi Pettersson, SVP Electronics Manufacturing Services, tel. +358 10 413 1654

About Elcoteq

Elcoteq SE is the global Life Cycle Services Partner for high-tech product and
service companies.
Engineering, Manufacturing, Fulfillment and After Market Services are the
cornerstones of Elcoteq's extensive service offering. Elcoteq has a proven track
record in electronics manufacturing services (EMS) and a global factory network
coupled with modern manufacturing equipment and consistent systems and
processes.
Products include Consumer Electronics devices such as mobile phones and their
accessories, set-top boxes, LED lamps and luminaires, flat panel TVs as well as
System Solutions products such as infrastructure systems, modules and other
industrial segment products.
The Group's consolidated net sales for 2009 totaled 1.5 billion euros and it
employs approximately 9,300 persons. Elcoteq SE is listed on the Nasdaq OMX
Helsinki Ltd.  For more information visit the Elcoteq website at
www.elcoteq.com.



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