Elcoteq - Company Announcement

Elcoteq Concludes Personnel Negotiations in Finland

Elcoteq SE
Stock Exchange Release
September 22, 2009, at 8.15 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 10 persons
redundant on financial and production grounds.


The personnel negotiations in Finland were a result of organizational
change announced August 27, 2009.  The objective of these measures is
to improve the Group's long-term profitability and competitiveness.
Adjustments to personnel structure are continued in other locations.

ELCOTEQ SE

Minna Aila
Director, Communications and Corporate Responsibility

Further information:
Markus Kivimäki, SVP Legal Affairs, tel. +358 10 413 1248
Minna Aila, Director, Communications 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 Consumer Electronics products such
as mobile and wireless phones, their parts and accessories, set-top
boxes, flat panel TVs and other consumer products as well as System
Solutions products such as wireless and wireline infrastructure
systems and modules, enterprise network products and other industrial
segment products.

The Group's consolidated net sales for 2008 totaled 3.4 billion euros
and it employs approximately 13,000 persons. Elcoteq SE is listed on
the Nasdaq OMX Helsinki Ltd.  For more information visit the Elcoteq
website at www.elcoteq.com.