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Nokia restructuring and job cuts in China

Updated 3 times since CLSTR started tracking revisions of this situation.

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2026-08-19 08:16 UTC → 2026-08-19 13:31 UTC · added removed

Nokia is restructuring executing a significant withdrawal from the Chinese market, planning to close most of its operations facilities and cut a substantial portion of its workforce by the end of 2026. The company is transitioning to a gradual market exit, where only after-sales services will be maintained in China, centered on the planned closure region. The restructuring affects both the mobile networks and network infrastructure divisions. As part of this realignment, Nokia is closing its research and development unit center in Hangzhou. This Hangzhou, a move is expected to result in approximately 1,600 job cuts, with operations in the unit expected to cease by losses. At the end of 2026. The company reported that its business in China has been steadily contracting, noting that revenue in the region fell by 19 percent last year to 913 million euros. Workforce numbers in 2025, the Greater China region have declined significantly from 13,700 employees in 2020 to company employed roughly 7,200 by 2025. While the Hangzhou closure was initially confirmed, recent developments indicate a more significant withdrawal. Nokia now plans to lay off the majority of its people across mainland China workforce and phase out its locations by the end of 2026. This restructuring will impact both the mobile networks China, Hong Kong, and network infrastructure divisions, marking a major Taiwan. The retreat for the Finnish manufacturer after more than four decades follows a steady decline in the region due to increasing Nokia’s Chinese business, driven by increased competition from Chinese rivals. Following these adjustments, only after-sales services are expected to remain in China. This transition follows domestic vendors like Huawei and ZTE. Local state-owned enterprises and public bodies have increasingly prioritized national technology providers. Nokia’s late 2025 move to take full control of Nokia Shanghai Bell, its former joint venture with state-backed revenue in China Huaxin. The company stated that these adjustments are intended has seen a notable drop, falling from 1.84 billion euros in 2019 to align its Chinese operations 913 million euros in 2025, with its global business structure. contribution to the group’s total revenue decreasing from 7.9% to 4.6% over the same period.

Versions

  1. 2026-08-19 13:31 UTC Nokia restructuring and job cuts in China
  2. 2026-08-19 08:16 UTC Nokia restructuring and job cuts in China
  3. 2026-08-19 06:12 UTC Nokia restructuring and job cuts in China
  4. 2026-08-18 02:16 UTC Nokia restructuring and job cuts in China

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