Cisco will invest up to $4 billion in Mexico through to 2018, with plans to expand production and increase its workforce in the country.

In a statement, the Mexican government said President Enrique Nieto met with Cisco CEO Chuck Robbins, who announced plans to expand manufacturing of products such as routers, servers, switches, telepresence screens and wireless access points in the country.

As part of the plans, Cisco will also create 270 direct jobs in Mexico, and 77 indirect positions.

The news comes just over a month after the US-based company confirmed a significant job cull, with the intention to make 5,500 staff redundant, representing 7 per cent of its global workforce.

It notably did not say which countries would be affected.

With the new hires, the statement added the spending plan will affect 4,830 Cisco employees in the country and 1,015 indirect jobs.

A Bloomberg source said the expansion will involve upgrades to the company’s factories and increase production through contract manufacturers, while the investment figure of $4 billion includes some spending that has already been planned.

Notably, news of Cisco’s Mexican plans comes just a few weeks before the US presidential election is scheduled to take place.

Republican nominee Donald Trump recently hit out at car maker Ford over its plans to spend $1.6 billion on a new factory in Mexico, threatening to raise taxes on the company if elected.