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. [HUG#1394258]
Elcoteq Concludes Personnel Negotiations in Finland
| Source: Elcoteq