Network equipment provider Nokia plans to close its Munich site by 2030. According to the IG Metall, over 700 employees in Munich alone are affected by the decision. The layoffs are to take place in two waves: over 300 jobs will be cut nationwide as early as 2026, and further jobs in Munich will be lost by 2030. Nokia confirmed the closure when asked by heise online. It was a difficult decision to ensure Nokia remains competitive in the long term.
https://www.heise.de/en/news/Nokia-plans-to-close-Munich-site-by-2030-11079263.html
https://atlantisthemes.com/austerity-measures-nokia-cuts-jobs-the-munich-site-is-scheduled-to-close-by-2030/
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@OP Layoffs are by ENTIRE Location (around the world).
"As part of its global location strategy, Nokia will focus its investments on important sustainability centers in Germany and around the world, a company spokesperson said. Nuremberg, Ulm, Stuttgart, Bonn and Düsseldorf should remain important locations. "