Tieto Oyj - Company Announcement

Tieto concludes personnel negotiations in Finland

Tieto Corporation Stock Exchange Release 28 May 2009, 7.00 pm EET

In April, Tieto announced Group-wide personnel adjustments. In
Finland, the related personnel negotiations have now been concluded,
and as a result, Tieto will make a total of 220 persons redundant and
temporarily lay off no more than 1 500 employees during 2009 either
for a fixed period or until further notice. Most of these 1 500
employees will be laid off for a fixed period varying from two weeks
to ninety days. The actions will be started on 1 June 2009.

Of the 220 job cuts, about 100 will be made during June and July and
the rest by the end of the year. These persons work mainly in the
capital area, but there will be redundancies in other locations in
Finland too.

Tieto has also initiated other streamlining actions such as
consolidating offices, reducing the number of subcontractors and
cutting down business expenses. In Finland, Tieto has decided to
consolidate its offices in selected locations, e.g. Helsinki, Tampere
and Oulu. Personnel working in the offices that will be closed will
move to other Tieto premises.

Ari Karppinen, Country Head for Finland comments: "These personnel
adjustments are part of Tieto's actions to reduce costs in general
and adjust Tieto's business operations to the current demand. In
Finland, we are also going through a more profound structural change
as the production of IT services is increasingly moving to offshore
countries with lower cost levels. Uncertainty prevails over the
future development of the IT market. However, by favouring layoffs
over redundancies we are able to maintain our flexibility."

Tieto currently employs approximately 16 700 people of whom 5 700
work in Finland.

For further information, please contact:
Ari Karppinen, Country Head for Finland, tel. +358 2072 71137
Reeta Kaukiainen, EVP, Communications and Investor Relations, tel.
+358 2072 68711, +358 50 522 0924, reeta.kaukiainen@tieto.com



TIETO CORPORATION

DISTRIBUTION
NASDAQ OMX Helsinki
NASDAQ OMX Stockholm
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Tieto is an IT service company providing IT, R&D and consulting
services. With approximately 16 000 experts, we are among the leading
IT service companies in Northern Europe and the global leader in
selected segments. We specialize in areas where we have the deepest
understanding of our customers' businesses and needs. Our superior
customer centricity and Nordic expertise set us apart from our
competitors.
www.tieto.com