Nokia CorporationNOA3
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Nokia plans major China workforce cuts and site closures, reducing operations and incurring integration charges.
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Nokia CorporationNokia is preparing a major reduction of its mainland China operations, including staged job cuts and site closures by the end of the year, according to the South China Morning Post. Employees in the company's mobile networks and network infrastructure businesses are expected to be affected, while after-sales support would be retained. Nokia had about 7,200 employees across mainland China, Hong Kong, and Taiwan at the end of 2025, and recently confirmed plans to shut its Hangzhou research and development center, affecting about 1,600 jobs. China revenue fell to €913 million last year from €1.84 billion in 2019, while its share of Nokia's total revenue dropped to 4.6% from 7.9% over the same period. The company expects €350 million of integration charges by the end of 2026 as it brings Nokia Shanghai Bell into its global operating structure, alongside a target of about €200 million in cost savings.
Nokia CorporationNokia plans major China workforce cuts and site closures, reducing operations and incurring integration charges.