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Nokia to cut 1,600 jobs as Hangzhou R&D center faces closure

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  • Nokia plans to close its Hangzhou R&D center and eliminate approximately 1,600 positions.
  • Greater China headcount fell from roughly 13,700 in 2020 to 7,260 in 2025.
  • Nokia says its 2026 China restructuring budget includes €350 million for operations and severance.
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