Friday, December 13, 2013

Cisco Looks to Add R&D Jobs in Ontario, Canada

Cisco and the Province of Ontario, Canada have signed a 10-year agreement under which Cisco aims to add up to 1,700 high tech jobs in Ontario with a focus on R&D within the first six years.

The agreement also includes a framework with the potential to grow Cisco’s 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.  The Province of Ontario will provide up to $220 million in support of the total initiative.