Nokia is shutting its Hangzhou radio R&D centre in China by end-2026, cutting around 1,600 jobs, after its Greater China revenue fell over 58% since 2018. The closure revives CEO Justin Hotard’s pointed question to Europe: why does Huawei still run nearly 60% of Germany’s 5G sites while Nokia holds under 3% share in China? Restructuring charges have tripled to €800 million, even as AI and cloud orders surge 105%.
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