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Nokia shuts China R&D centre, cuts 1,600 jobs amid sharp revenue decline

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Nokia is closing its Hangzhou radio research and development centre by the end of 2026, resulting in approximately 1,600 job losses. The decision follows a more than 58% drop in the company's Greater China revenue since 2018. The closure has reignited CEO Justin Hotard's criticism of Europe's continued reliance on Huawei, which operates nearly 60% of Germany's 5G infrastructure while Nokia holds under 3% market share in China. Restructuring costs have tripled to €800 million as the Finnish telecom giant reorganises its operations. Despite these challenges, Nokia has reported a 105% surge in orders related to AI and cloud services.

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