Nokia to close almost all sites in mainland China by year end
It’s taking steps to better align its operations in China with its global operations
Finnish telecom equipment maker Nokia is set to reduce its presence in mainland China by the end of the year, according to reports. The company plans to lay off a significant portion of its workforce and close various sites gradually, as it seeks to better align its operations in the region with its global operations, sources familiar with the matter told the South China Morning Post.
Nokia's spokesperson confirmed the company's earlier statement about adjusting its China operations due to the steady decline of its business there over the past years. The spokesperson did not provide additional details on the specific changes.
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