Nokia to close almost all sites in mainland China by year end, sources say

Finnish telecoms equipment giant Nokia plans to cut most of its workforce in mainland China and close sites in stages by year end, marking a sweeping retreat after more than four decades as it loses ground to domestic rivals, according to sources familiar with the situation. One Shanghai-based source said teams in both Nokia’s mobile networks and network infrastructure businesses in mainland China were set to undergo lay-offs in batches, with most of the cuts expected to be completed by the end...