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Nokia Exits China: Workforce Cuts Planned
18 Aug
Summary
- Nokia plans to cut most of its Chinese workforce.
- Company aims to close sites in China by year-end.
- Nokia cites declining business and global alignment.
Nokia, the Finnish telecommunications equipment manufacturer, is set to implement substantial changes in its China operations. Reports indicate plans to cut the majority of its workforce in mainland China and progressively close its sites there by the close of this year.
A spokesperson for Nokia confirmed these adjustments, stating the company has been working to align its China operations with its global strategy. The spokesperson acknowledged a steady decline in Nokia's China business in recent years.
These measures are described as a response to this evolving reality, with Nokia adjusting its operational footprint accordingly. Specific details regarding the extent of the workforce cuts or the number of sites affected were not immediately provided by the company.
