Nokia to Close Almost All Sites in Mainland China by Year End
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Nokia intends to restrict its operations in China, where most employees would be made available and more subsidiaries would be closed by the end of the year.
Nokia has confirmed that it will close most of its facilities in China, including research and development (R & D) centers, which will end a 40-year presence in the Asian country, caused by the lack of relevant contracts in 5G. The measure will affect most of its approximately 7,200 employees in mainland China, Hong Kong and Taiwan, according to South China Morning Post (SCMP). According to sources with knowledge of the matter, the Finnish telec…
The Finnish telecommunications equipment manufacturer Nokia intends to make most of the labour force in mainland China available and to close the locations in stages by the end of the year.
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