Elcoteq to Start Personnel Negotiations Concerning Roughly 120 Employees in Finland
Elcoteq has today invited personnel representatives of the Lohja manufacturing plant, the company's product development unit and the NPI (new product introduction) unit in Finland for personnel negotiations. The negotiations will address the possible restructuring of the operations of these units, as well as the possible consequent temporary layoffs, the changing of employment relationships to part-time contracts or the termination of employment contracts on production or financial grounds. In the negotiations the company will assess the means for assuring the long-term competitiveness and profitability of the units.
The negotiations apply to employees of the above-mentioned units in Espoo, Lohja, Salo and Turku in Finland. The company estimates that the possible actions would affect at most approximately 120 people.
Elcoteq has currently roughly 20,000 employees worldwide, approximately 870 of whom work in the company's units in Finland.
ELCOTEQ SE
Reeta Kaukiainen
Director, Communications and Investor Relations
Further information:
Jukka Jaeaemaa, COO, tel. +358 50 526 7665
Reeta Kaukiainen, Director, Communications and Investor Relations, tel. +358 10 413 1742
About Elcoteq
Elcoteq SE is a leading electronics manufacturing services (EMS) company with original design manufacturing (ODM) capabilities in the communications technology field. Elcoteq provides globally end-to-end solutions consisting of design, NPI, manufacturing, supply chain management and after-sales services for the whole lifecycle of its customers' products. These products include terminal products
such as mobile phones and set-top boxes as well as communications network equipment such as base-stations, tower-top amplifiers and microwave systems. The company operates on four continents in 15 countries and employs almost 20,000 people. Elcoteq's consolidated net sales for 2005 totaled MEUR 4,169.0. Elcoteq SE is listed on the Helsinki Stock Exchange. More information on the company is
available at www.elcoteq.com.
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