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AP Explains: Did Trump just create 8,000 jobs?
Technology
Published in 30-12-2016
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WASHINGTON (AP) Donald Trump gave himself kudos for the creation of 8,000 new U.S. jobs by a Japanese tech mogul, saying it was proof of "the spirit and the hope" stirred by his presidential win. On Wednesday, Trump celebrated the planned creation of 5,000 jobs by wireless carrier Sprint and 3,000 jobs by OneWeb_both companies where Son is a dominant investor. The president-elect has pushed defense contractors Boeing and Lockheed-Martin to reduce their costs via his Twitter account, while he fulfilled a campaign promise by preserving 800 jobs at the Carrier furnace plant in Indianapolis that were previously bound for Mexico. Son, worth an estimated $19 billion. Since the presidential election, Sprint stock has soared roughly 40 percent. The company also said it will discuss with business partners, states and cities about where to create these jobs but a spokeswoman told The Associated Press that it will not receive any federal, state or local government incentives for adding these positions. The investment will help finance the construction of a factory in Florida that could produce 15 satellites a week, generating 3,000 engineering, manufacturing and support jobs over the next four years, according to a December 19 statement. Under the Obama administration, he saw a marquee deal to merge Sprint with rival T-Mobile fail.
Reference: www.chron.com