Nokia to Close Hangzhou R&D Unit, Affecting About 1,600 Staff by End of 2026
Nokia plans to close its research and development unit in Hangzhou, China, by the end of 2026, affecting about 1,600 employees. The unit focuses on radio technology development. The company informed staff on Thursday. The move is part of Nokia's global streamlining efforts, which include two separate cost-saving programs aimed at improving future profitability. Nokia also intends to cut jobs in Europe, though specific details have not been disclosed.
Nokia plans to close its research and development unit in Hangzhou, China, by the end of 2026. The unit primarily conducts radio technology research and development, and the adjustment will affect about 1,600 employees. Nokia informed the affected staff of the decision on Thursday.
The closure of the Hangzhou R&D unit is part of Nokia's efforts to streamline its global operations. The company is currently implementing two separate cost-saving programs to improve future profitability. In addition, Nokia also plans to make layoffs in Europe, though specific details have not yet been announced.