LUXEMBOURG – Top tier EMS firm Elcoteq has scheduled a round of statutory cooperation procedure talks in Finland.

"The company estimates that the need for possible personnel reductions in Finland could apply to at most about 50 people across all employee categories," the company said in a statement.

The news comes on the heels of an announcement of the shuttering of the company's manufacturing plant in Salo, Finland. That move cost 36 employees their jobs.