06:04 AM EDT, 08/14/2026 (MT Newswires) -- (Updates with Nokia's ( NOK ) statement in the third paragraph)

Nokia ( NOK ) is shutting down its research and development unit in China's Hangzhou, cutting 1,600 jobs, Finnish newspaper Helsingin Sanomat reported Thursday, citing unnamed people familiar with the matter.

The company informed staff that the unit, which develops radio technology, will close by the end of 2026, according to a Google translation of the report.

"Nokia ( NOK ) has been taking steps to better align its operations in China with Nokia's ( NOK ) global mode of operation. Further, Nokia's ( NOK ) business in China has steadily declined over the last several years. Thus, we are adjusting our operational footprint in China to address this reality," a Nokia ( NOK ) spokesperson told MT Newswires in an emailed statement.

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