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Trump Takes Credit for Sprint Plan to Add 5,000 Jobs in U.S.



 

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Trump Says Sprint Is Bringing Back Jobs

President-elect Donald J. Trump said that Sprint would be adding 5,000 jobs in the United States, while OneWeb, a start-up, would be adding 3,000.


By THE ASSOCIATED PRESS.


Photo by Kevin Hagen for The New York Times.

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President-elect Donald J. Trump took credit on Wednesday for a decision by Sprint to add 5,000 jobs in the United States as he tried to deliver on his promise to force corporate America to focus on job creation at home rather than abroad.

“I was just called by the head people at Sprint, and they are going to be bringing 5,000 jobs back to the United States,” Mr. Trump told reporters at his Mar-a-Lago estate in Florida. “They have taken them from other countries. They are bringing them back to the United States.”

The announcement followed a meeting Mr. Trump had this month with Masayoshi Son, the chief executive of Japan’s SoftBank, which said it would invest $50 billion in the United States and create 50,000 positions.

SoftBank owns a controlling stake in Sprint, the mobile phone carrier, and is a major investor in OneWeb, a satellite start-up that Mr. Trump said Wednesday would create an additional 3,000 jobs in the United States.

It was not clear whether the combined 8,000 jobs were part of that 50,000 commitment from Mr. Son.

Although Mr. Trump claimed credit for SoftBank’s $50 billion investment in the United States, those plans predated the election, and Mr. Son has owned a controlling stake in Sprint, among other companies, for several years.

Since the election, Sprint shares have risen nearly 40 percent, partly on hopes that it could be acquired by its rival T-Mobile. While antitrust officials under President Obama have been wary of deals in the telecom sector, Mr. Son and investors are hoping the Trump administration might look more favorably on any potential deal.

In January, as part of a restructuring effort, Sprint cut 2,500 jobs in call centers across the United States and at its headquarters in Overland Park, Kan.

On Wednesday, the company said in a statement that it would be creating or bringing back jobs in a variety of departments, including customer care and sales, and that all would be added by the end of its 2017 fiscal year. It was not clear where in the country those jobs would be.

“We are excited to work with President-elect Trump and his administration to do our part to drive economic growth and create jobs in the U.S.,” said Marcelo Claure, Sprint’s chief executive. “We believe it is critical for business and government to partner together to create more job opportunities in the U.S. and ensure prosperity for all Americans.”

In November, Mr. Trump reached a deal with Carrier to keep roughly 850 jobs at its factory in Indianapolis, instead of transferring them to Mexico, which the company had initially said it would do in February. Despite Mr. Trump’s pressure, Carrier and its parent, United Technologies, still plan to move more than 1,000 jobs now in Indiana to Monterrey, Mexico.

They are not the only ones. Another Indianapolis factory, owned by the ball bearing maker Rexnord, also plans to soon leave Indianapolis for Mexico, despite criticism from the president-elect on Twitter and threats to impose steep tariffs on companies that move production abroad.

H/T nytimes.com

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