Elcoteq to restructure Finnish operations

The EMS-provider has started statutory personnel negotiations for Elcoteq SE Finnish Branch, Elcoteq Finland Oy and Elcoteq Design Center Oy. The negotiations will address the restructuring of the company's activities in Finland and the possibility of temporary lay-offs, shifting to part-time works or the termination of employee contracts on production or financial grounds. The company estimates that personnel reductions, if any, could concern maximum of 25 employees totally in all three companies. Elcoteq has currently approximately 130 employees in Finland. The number of personnel worldwide is roughly 10'000.