Elcoteq - Company Announcement

Elcoteq Concludes Personnel Negotiations in Finland

Elcoteq SE
Stock Exchange Release
March 16, 2009, at 10.00 am (EET)


The personnel negotiations concerningElcoteq SE, Finnish Branch, Elcoteq Finland
Oy and Elcoteq Design Center Oy have been concluded. As a result of these
negotiations the companies have decided to make altogether 7 persons redundant
and temporarily lay-off 7 persons, both on financial and production grounds.


ELCOTEQ SE
Elina Kokko
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.


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