Elektrobit Oyj - Company Announcement

EB, ELEKTROBIT CORPORATION STARTS PERSONNEL NEGOTIATIONS TO TEMPORARILY DISMISS A MAXIMUM OF 200 EMPLOYEES IN FINLAND

STOCK EXCHANGE RELEASE

Free for publication, on June 7, 2010, at 2.00 pm (CEST +1)

EB, ELEKTROBIT CORPORATION STARTS PERSONNEL NEGOTIATIONS TO TEMPORARILY DISMISS
A MAXIMUM OF 200 EMPLOYEES IN FINLAND

EB,  Elektrobit  Corporation  has  today  announced  that  it  starts  personnel
negotiations  to adjust its cost level in  the second half of 2010 to correspond
its  temporarily decreased order volumes. The negotiations concern 517 employees
working  in Elektrobit Wireless Communications Ltd and Elektrobit Corporation in
Finland.

The temporary dismissals target to cost savings of EUR 1.7 million in the second
half of 2010. To achieve the targeted savings EB proposes to temporarily dismiss
a maximum of 200 employees for maximum of 90 days. This measure has no effect on
the  outlook for the first half of  2010 as announced in April 29, 2010. EB will
give  the outlook for the second half of 2010 in context with the interim report
January-June 2010.

The  decrease of order  volumes is caused  by i.a. a  cancellation of a customer
project  and uncertainty  of new  customer projects'  realization and  timing in
Wireless  Solutions business. This measure has no direct impact on EB's customer
work or on Wireless Solutions business strategy."Since the situation is not caused by a permanent decrease in demand, we believe
that  by strengthening  our sales  efforts our  order volume  will improve. EB's
personnel is very skillful and with the temporary dismissals we intend to find a
solution  to  this  situation"  says  Ari  Virtanen,  Executive  Vice President,
Wireless Solutions.

Oulu, June 7, 2010

Elektrobit Corporation
Jukka Harju
CEO

Further information:

Ari Virtanen
Executive Vice President, Wireless Solutions
Tel. +358 400 435 878

Panu Miettinen
CFO
Tel. +358 40 344 5338

Distribution:

NASDAQ OMX Helsinki
Principal media

EB, Elektrobit Corporation
EB  develops  advanced  technology  and  transforms  it  into enriching end user
experiences.   EB  specializes  in  demanding  embedded  software  and  hardware
solutions  for the automotive industry  and wireless technologies. The company's
net sales for the year 2009 totaled EUR 153.8 million. Elektrobit Corporation is
listed      on      the      NASDAQ     OMX     Helsinki.     www.elektrobit.com<http://finlandteamsites.ebgroup.elektrobit.com/sites/Documents%20and%20Settings
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ettings/Documents%20and%20Settings/AppData/Local/Microsoft/Local%20Settings/Temp
orary%20Internet%20Files/oikoluku/www.elektrobit.com>


[HUG#1422042]