LOHJA, FINLAND -- Elcoteq is discussing a range of options for the EMS provider's operations in Finland, including layoffs of up to 500 workers and the possible closure of its Lohja manufacturing plant.

Elcoteq employs about 23,000 workers worldwide, about 700 in Finland.

The company previously announced it would reduce overhead costs by about 20 million euros per year.

The company's board has proposed moving its headquarters to Luxembourg, which is known as a corporate tax haven.

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