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2010-03-01 13:00:00 CET 2010-03-01 13:00:47 CET REGULATED INFORMATION Elcoteq - Company AnnouncementElcoteq to Start Personnel Negotiations in FinlandElcoteq SE Stock Exchange Release March 1, 2010 at 2:00 pm (EET) Elcoteq to Start Personnel Negotiations in Finland 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 possible restructuring of the company's activities in Finland and the possibility of temporary lay-offs, semi-retirement or the termination of employee contracts on production or financial grounds. The company estimates that the number of affected employment relationships will at most be approximately 20 people in all employee categories. Elcoteq has currently approximately 150 employees in Finland. The number of personnel worldwide is roughly 11,000. ELCOTEQ SE Satu Jaatinen Communications Manager Further information: Markus Kivimäki, SVP, General Counsel, tel. +358 10 41 31248 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, 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 2008 totaled 3.4 billion euros and it employs approximately 11,000 persons. Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd. For more information visit the Elcoteq website at www.elcoteq.com. [HUG#1389561] |
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