Elcoteq - Company Announcement

ELCOTEQ TO START PERSONNEL NEGOTIATIONS CONCERNING ROUGHLY 40 EMPLOYEES IN SALO, FINLAND

Elcoteq SE	Stock Exchange Release	October 15, 2008 at 10.30 am (EET)


Elcoteq has today invited personnel representatives of the Salo unit in Finland
for personnel negotiations. The negotiations will address the possible closure
or restructuring of a part of the operations of this unit, as well as the
possible consequent temporary layoffs, the changing of employment relationships
to part-time contracts or the termination of employment contracts on production
or financial grounds. The possible narrowing down of the Salo unit is connected
to the changes in the product portfolio of Elcoteq's Personal Communications
Business Area. 

The negotiations apply to those employees of the Salo unit who belong to the
Personal Communications Business Area. Personnel of the PDS (Product
Development Services) is not affected. The company estimates that the possible
actions would affect at most approximately 40 people. 

Elcoteq has currently roughly 21,400 employees worldwide, approximately 240 of
whom work in Finland. 
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 24,000
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.