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Nokia to close Hangzhou R&D facility and cut about 1,600 jobs

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Sig3.34Sen-6.92Env0.00Soc-4.55Gov-1.72

Nokia plans to close an R&D facility in Hangzhou this year, eliminating about 1,600 jobs and shrinking its Greater China workforce to roughly 5,600 employees. The cuts follow earlier reductions from 10,400 staff in 2023 to 7,200 last year. Messaging from employees also suggests further site closures in other Chinese cities.

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