Skip to content
Subscriber Only

Cisco to Create Jobs in Mexico With $4 Billion Spending Plan

  • Company to invest in new-generation hardware in next two years
  • California-based company is cutting global workforce by 7%
Updated on

Cisco Systems Inc. plans to spend as much as $4 billion in Mexico through 2018 to expand production, creating jobs in the country even as the American company cuts its global workforce by 7 percent.

The spending will lead to the 270 new direct jobs and 77 related positions, according to a statement from the Mexican government Tuesday. The biggest maker of equipment that runs the internet plans to upgrade its factories and increase production through contract manufacturers, a person familiar with the matter told Bloomberg News earlier. The investment figure includes some spending that had already been planned.