Elcoteq - Company Announcement

ELCOTEQ TO START PERSONNEL NEGOTIATIONS IN FINLAND

Elcoteq SE	Stock Exchange Release	December 8, 2008 at 10.00 am (EET)


ELCOTEQ TO START PERSONNEL NEGOTIATIONS IN FINLAND

Elcoteq has today convened a meeting of the employee representatives of Elcoteq
SE, Finnish Branch and Elcoteq Finland Oy for statutory personnel negotiations
to 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. In the negotiations
the company will assess the means by which it will ensure the Group's long-term
profitability and competitiveness. 
The company estimates that the need for possible personnel reductions in
Finland could apply to at most about 50 people in all employee categories.
Elcoteq has currently roughly 21,000 employees worldwide, approximately 180 of
whom work in Finland. 
ELCOTEQ SE 

Minna Aila
Director, Investor Relations and Corporate Responsibility

Further information:

Mikko Puolakka, CFO, tel. +41 79 618 0302
Markus Kivimäki, SVP, Legal Affairs, tel. +358 10 413 1248
Minna Aila, Director, Investor Relations and Corporate Responsibility, 
tel. +358 10 413 1908

About Elcoteq
Elcoteq SE is a leading electronics manufacturing services (EMS) company in the
communications technology field. Elcoteq's global service offering covers the
entire lifecycle of products, from product development to after market
services. By further combining mechanics expertise into its service offering,
Elcoteq's vision is to be a leading integrated electronics manufacturing
services (IEMS) company. 
Elcoteq provides global end-to-end solutions consisting of product development
services, supply chain management, NPI, manufacturing, and after market
services for the whole lifecycle of its customers' products. These products
include Personal Communications products such as mobile phones and their parts,
Home Communications products such as set-top boxes and electronics for flat
panel TVs as well as Communications Networks products such as base-stations,
tower-top amplifiers, and microwave systems. 

Elcoteq operates in 15 countries on four continents and employs some 21,000
people. The Group's consolidated net sales for 2007 totaled 4.0 billion euros.
Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd.  For more information
visit the Elcoteq website at www.elcoteq.com.