Cisco Planning Up to 5,000 Jobs in Ontario

At a time when job cuts are an unpleasant reality in the technology and manufacturing industries, Cisco is about to go on a hiring spree. The networking giant is tag teaming with the Province of Ontario in Canada to accelerate the regionEUs status as a leader in technology innovation and a key player in the global research and development landscape.

Cisco and the Province of Ontario announced they have inked a 10-year agreement under which Cisco will add up to 1,700 high tech jobs with a focus on R&D within the first six years. The agreement also includes a framework with the potential to grow CiscoEUs total Ontario employee footprint up to 5,000 by 2024, reflecting a potential total investment of up to $4 billion, including $2.2 billion in salaries alone. For its part, the Province of Ontario will provide up to $220 million in support of the total initiative.

"Canada continues to be one of CiscoEUs best success stories globally,EU said Rob Lloyd, Cisco's president of Development and Sales. EUCisco has invested in retaining and growing our employee footprint here in Ontario, particularly in R&D jobs. TodayEUs announcement with Premier Wynne is another milestone in driving our business in Canada and a testimony to our very positive relationship with the Province of Ontario."

Focusing on Economic Development

The multibillion-dollar initiative builds upon CiscoEUs growing presence in Ontario, including investments in university chairs, planning for a new and expanded Toronto headquarters, the Pan Am Games technology infrastructure sponsorship, and 'Smart + Connected' community initiatives. With this partnership, Cisco said it is working to harness OntarioEUs skilled workforce, educational institutions and competitive business climate.

EUOur plan to create jobs and grow the economy is focused on smart, forward-looking investments that build on OntarioEUs strengths,EU said Kathleen Wynne, premier of Ontario. EUTodayEUs announcement is about...

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