ELCOTEQ INITIATES PROCEDURES REGARDING COMPULSORY HOLIDAY WITH PARTIAL PAY AND PERSONNEL REDUCTIONS IN ESTONIA

Elcoteq SE            Stock Exchange Release                May 9, 2008 at 12
pm (EET) 


Elcoteq has decided to initiate procedures with its Tallinn-based personnel
regarding compulsory holiday with partial pay and personnel reductions. Some
330 persons will be affected, of whom the majority will be laid off with
partial pay. The exact number of persons involved will be settled after
consultation with Labor Inspectorate officials. 

Efficiency in Elcoteq's Tallinn operations will increase
 
As manufacturing volumes fluctuate significantly, Elcoteq's policy has been to
maintain extensive flexibility in its workforce. As part of the February 2007
Action Plan to improve the company's competitiveness, profitability and
cost-efficiency, and because of delays in some customer projects, the company
has now decided that the extent of this flexibility should be reduced. Actions
already taken to improve operational efficiency also mean that reductions in
personnel numbers are now possible. Using the option of compulsory holiday with
partial pay maintains the capability of upgrading volumes at short notice while
at the same time reducing costs. 

The service offering and capabilities of Elcoteq's operations in Tallinn will
not be affected by the measures outlined above. 


ELCOTEQ SE

Minna Aila
Director, Investor Relations and Corporate Responsibility

Further information:

Petteri Laaksomo, Senior Vice President, Operations and Sourcing, tel. +358 10
413 1954 

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 Personal Communications products such as mobile phones and their parts,
Home Communications products such as set-top boxes and electronics for flat
screen TVs as well as Communications Networks products such as base-stations,
tower-top amplifiers, and microwave systems. 
 
Elcoteq operates in 15 countries on four continents and employs some 24,000
people. The Group's consolidated net sales for 2007 totaled 4.0 billion euros.
Elcoteq SE is listed on the OMX Nordic Exchange Helsinki.  For more information
visit the Elcoteq website at www.elcoteq.com.