Elcoteq concludes personnel negotiations in Finland - personnel reductions smaller than expected
April 25, 2006, Elcoteq SE’s personnel negotiations that were started in the beginning of March have been concluded. The negotiations concerned the personnel at the Lohja manufacturing plant, the company’s product development unit and the NPI (new product introduction) unit in Finland. As a result of the negotiations altogether 65 employment contracts will be terminated and 15 persons will be temporarily laid-off on production or financial grounds. At the start of the negotiations, the company estimated that the possible actions would affect at most approximately 120 people.
With these measures the company aims to assure the long-term competitiveness and profitability of the units. The terminations of work contracts do not create any significant one-time costs.
Elcoteq currently employs roughly 20,000 employees worldwide, approximately 870 of whom work in the company’s units in Finland.
Director, Communications and Investor Relations
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 approximately 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.
- Contact Information
- Reeta Kaukiainen
- Director, Communications and Investor Relations
- Elcoteq SE
- Contact via E-mail
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