Elcoteq - Company Announcement

Elcoteq plans to restructure its operations and commences co-operation negotiations in Finland

Elcoteq SE
Stock Exchange Release
July 13, 2011 at 9:50 am (EET)

Elcoteq plans to restructure its operations to adjust the company's cost
structure to the current business volumes and to improve profitability.

Elcoteq 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 restructuring of the
company's activities in Finland and the possibility of temporary lay-offs,
shifting to part-time works or the termination of employee contracts on
production or financial grounds. The personnel negotiations are estimated to
impact Elcoteq's entire personnel in Finland.

Besides Finland, similar reorganization of operations and rationalization
procedures are being discussed in certain other Elcoteq locations.

With the restructuring plan, the company targets to achieve signficant annual
fixed cost savings.

ELCOTEQ SE

Jouni Hartikainen
President and CEO

Further information:
Jouni Hartikainen, President and CEO, tel. +358 10 413 11
Tommi Pettersson, Managing Director of Elcoteq Finland Oy, tel. +358 10 413 11

About Elcoteq

Elcoteq SE is the global Life Cycle Service Partner for high-tech product and
service companies. Elcoteq has a proven track record in electronics
manufacturing and after market services and a global service network close to
its customers coupled with modern manufacturing and testing equipment and
consistent systems and processes.

Elcoteq's Electronics Manufacturing Services (EMS) Business Segment provides its
customers globally with engineering, manufacturing and fulfillment services. EMS
products include mobile phones and their accessories, set-top boxes, LED
lighting products, flat panel TVs, infrastructure systems and other industrial
segment products.

Elcoteq's After Market Services (AMS) Business Segment is providing its
customers in the communications and consumer electronics industries with global
reverse logistics, depot repair, refurbishment, recycling and salvage services
but also AMS specific engineering and customer support services.

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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