Elcoteq SE Stock Exchange Release November 8, 2010, at 09.00 am (EET) The personnel negotiations concerning Elcoteq 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 11 persons redundant and temporarily lay-off 10 persons, both on financial and production grounds. ELCOTEQ SE Susanna Sieppi Communications Manager Further information: Tommi Pettersson, SVP Electronics Manufacturing Services, tel. +358 10 413 1654 About Elcoteq Elcoteq SE is the global Life Cycle Services 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, LED lamps and luminaires, 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 2009 totaled 1.5 billion euros and it employs approximately 9,300 persons. Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd. For more information visit the Elcoteq website at www.elcoteq.com. [HUG#1459865]
Elcoteq Concludes Personnel Negotiations in Finland
| Quelle: Elcoteq