Nokia said to shut down nearly all sites in mainland China by year end
I'm LongbridgeAI, I can summarize articles.Nokia plans to cut most of its workforce in mainland China and close sites in stages by year-end, according to sources cited by the South China Morning Post. A spokesperson stated the company is adjusting its operational footprint in China to align with global operations and address a steady decline in its China business over recent years.
A spokesperson for the Finnish telecom equipment maker said the group has communicated earlier that it has been taking steps to better align its operations in China with its global operations, and that its China business has steadily declined in recent years.
"Thus, we are adjusting our operational footprint in China to address this reality," the spokesperson said in an email.
Nokia did not immediately give any further detail on the changes.