Update: Nokia Says 'Adjusting' Operational Footprint in China Amid Reported Job Cuts

06:19 AM EDT, 08/14/2026 (MT Newswires) -- (Updates to add Nokia's statement) Nokia (NOKIA.HE) said Friday it is "adjusting" its operational footprint in China following a steady decline in local business over the past several years. "As communicated earlier, Nokia has been taking steps to better align its operations in China with Nokia's global mode of operation," a company spokesperson told MT Newswires on Friday. The statement came after Finnish newspaper Helsingin Sanomat reported Thursday, citing sources, that Nokia plans to shut down its radio technology research and development unit in Hangzhou by the end of the year. A total of 1,600 roles will be affected, and the telecommunications equipment company already informed employees of the closure.