2009-02-26 12:00:00 CET

2009-02-26 12:00:58 CET


REGULATED INFORMATION

English
TietoEnator Oyj - Company Announcement

Tieto starts personnel adjustments to address the weakened market conditions


TietoEnator Corporation Stock Exchange Release 26 February 2009, 1.00
pm EET

Due to the continuous deterioration of the macroeconomic environment
and its impact on demand for IT services in certain industry sectors
on Tieto's main markets, Tieto will start personnel negotiations
regarding employee reductions in selected operating countries mainly
in Northern Europe. The company expects these actions to affect
altogether approximately 350 employees, of which approximately 170
will be in Sweden. The rest 180 redundancies are distributed rather
evenly between Denmark, Norway, Germany, the UK, Latvia and India.
Finland is not included in this process.

CEO Hannu Syrjälä says: "The downturn of the overall economy has
continued and this has lead to cautiousness in IT investments among
our customers in certain industry sectors. We are taking actions to
address this change in demand and to reduce overall costs."

Tieto currently employs 16 600 persons of which approximately 6 600
work in Finland, 3 500 in Sweden and the rest in other countries.


For more information:

Johanna Pyykönen-Walker, EVP, Human Resources, tel. +358 2072 2010
Eva Gidlöf, EVP, Country Head of Sweden, tel. +46 10 4813544
Reeta Kaukiainen, Communications and Investor Relations, tel. +358
2072 68711,
+358 50 522 0924, reeta.kaukiainen@tieto.com






TIETOENATOR CORPORATION


DISTRIBUTION
NASDAQ OMX Helsinki
NASDAQ OMX Stockholm
Principal Media


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.

Tieto is our new brand name as of 1 December 2008. The official
registered name of the company is TietoEnator Corporation.
www.tieto.com