Elcoteq - Company Announcement

Elcoteq to Start Personnel Negotiations in Finland

Elcoteq SE
Stock Exchange Release
September 6, 2010 at 8:32 am (EET)

Elcoteq SE has today convened a meeting of the employee representatives of
Elcoteq SE Finnish Branch, Elcoteq Finland Oy and Elcoteq Design Center Oy for
statutory personnel negotiations. The negotiations will address the
restructuring of the company's activities in Finland and the possibility of
temporary lay-offs, shifting to part-time works or the termination of employee
contracts on production or financial grounds. The company estimates that
personnel reductions, if any, could concern maximum of 25 employees totally in
all three companies.

Elcoteq has currently approximately 130 employees in Finland. The number of
personnel worldwide is roughly 10,000.


ELCOTEQ SE

Satu Jaatinen
Director, Corporate Communications and Investor Relations

Further information:
Tommi Pettersson, Managing Director of Elcoteq Finland Oy, tel. +358 10 413 1654
About Elcoteq

Elcoteq SE is the global Life Cycle Service 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 10,000 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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