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Nokia to Shut Hangzhou R&D Center, Cutting 1,600 Jobs

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Sig3.38Sen-5.92Env0.00Soc-6.15Gov-1.25

Finnish telecom equipment maker Nokia plans to close its core R&D center in Hangzhou, eliminating about 1,600 jobs. The move is the largest workforce adjustment during Nokia’s long China retrenchment and shifts the company from R&D and production toward a lean after-sales presence. Layoff notices reportedly have been delivered over months, with an initial group leaving quickly and the center fully emptied by August.

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