TORONTO – Cisco System Inc.’s plans to lay off about 6,000 workers globally as it restructures to cope with increasing competition will have little to no impact in Ontario, the governing Liberals said Friday.
It also won’t affect the deal they struck with the company’s Canadian division to provide $220 million over a decade to expand its operations in the province and create 1,700 jobs, said Economic Development and Employment Minister Brad Duguid.
« It’s important to know that on all of these partnerships, we have strict performance measures in place that hold companies to account for the number of jobs and the timetable for the creation of those jobs, » he said.
« In this case, there’s nothing at risk. »
But the government isn’t coming clean with the specific terms of their contract with Cisco Canada, such as the number of jobs that need to be created annually to receive taxpayer dollars…
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