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2009-09-22 07:15:00 CEST 2009-09-22 07:17:13 CEST REGULATED INFORMATION Elcoteq - Company AnnouncementElcoteq Concludes Personnel Negotiations in FinlandElcoteq SE Stock Exchange Release September 22, 2009, at 8.15 am (EET) The personnel negotiations concerning Elcoteq SE, Finnish Branch and Elcoteq Finland Oy have been concluded. As a result of these negotiations the companies have decided to make altogether 10 persons redundant on financial and production grounds. The personnel negotiations in Finland were a result of organizational change announced August 27, 2009. The objective of these measures is to improve the Group's long-term profitability and competitiveness. Adjustments to personnel structure are continued in other locations. ELCOTEQ SE Minna Aila Director, Communications and Corporate Responsibility Further information: Markus Kivimäki, SVP Legal Affairs, tel. +358 10 413 1248 Minna Aila, Director, Communications 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 Consumer Electronics products such as mobile and wireless phones, their parts and accessories, set-top boxes, flat panel TVs and other consumer products as well as System Solutions products such as wireless and wireline infrastructure systems and modules, enterprise network products and other industrial segment products. The Group's consolidated net sales for 2008 totaled 3.4 billion euros and it employs approximately 13,000 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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