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Sprint, OneWeb say 8,000 jobs announced by Trump are part of SoftBank pledge
Reuters ^ | December 28, 2016 | Richard Cowan

Posted on 12/28/2016 5:03:00 PM PST by 2ndDivisionVet

U.S. President-elect Donald Trump on Wednesday said telecommunications group Sprint Corp (S.N) and a U.S. satellite company OneWeb will bring 8,000 jobs to the United States, and the companies said the positions were part of a previously disclosed pledge by Japan's SoftBank Group Corp.

SoftBank (9984.T) holds stakes in both companies and its chief, billionaire businessman Masayoshi Son, earlier in December said he would invest $50 billion in the United States and create 50,000 jobs.

Sprint in January said it had cut 2,500 jobs as part of its plan to cut $2.5 billion in costs. On Wednesday it said it would create 5,000 jobs in areas including sales and customer care by the end of its fiscal year ending in March 2018.

Sprint spokesman Dave Tovar said the jobs were part of the pledge made by Son but would be funded by Sprint....

(Excerpt) Read more at ...

TOPICS: Business/Economy; Politics
KEYWORDS: economy; japan; jobs; trump; trumpeffect
Mr. Obama probably spent $50 billion bailing out GMC, but when did he ever get a company to invest that kind of money here?
1 posted on 12/28/2016 5:03:00 PM PST by 2ndDivisionVet
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To: 2ndDivisionVet

I’m not tired yet. Not even slightly winded.

2 posted on 12/28/2016 5:06:21 PM PST by vladimir998 (Apparently I'm still living in your head rent free. At least now it isn't empty.)
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To: 2ndDivisionVet

DJT is already helping Americans and he’s not even in office yet!


YIPPEE! (I just wish i could help him....but anyway I can cheer him on ...)

3 posted on 12/28/2016 5:13:06 PM PST by faithhopecharity ("Politicians are not born. They're excreted." Marcus Tullius Cicero)
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To: lonevoice

Go, Trump!

4 posted on 12/28/2016 5:18:16 PM PST by Pride in the USA
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To: vladimir998

SoftBank jumpstarts IoT by buying ARM for $32 billion | ...
Today’s announcement that SoftBank will spend $32 billion to acquire ARM Holdings means the Japanese firm is buying the most important company in the world of mobile ...

This was big news last July. This is where the jobs are. This is many infrastructure jobs for government... and many jobs in the private sector also. Imagine thousands, maybe millions, of traffic lights, street lights, new factories, new warehouses, all on the IOT Internet of Things.

5 posted on 12/28/2016 5:18:18 PM PST by spintreebob
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To: 2ndDivisionVet

I suspect that part of this is that Americans cost less to hire in the US than Japanese do in Japan.

6 posted on 12/28/2016 5:36:14 PM PST by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
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To: chajin

Big league.

7 posted on 12/28/2016 5:46:32 PM PST by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: spintreebob

Whoa, hadn’t heard that! I’ll bet 75% of those reading this thread are within arms reach of at least one ARM processor. ;-)

8 posted on 12/28/2016 5:58:12 PM PST by bigbob (We have better coverage than Verizon - Can You Hear Us Now?)
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To: Pride in the USA

More winning!

9 posted on 12/28/2016 7:00:31 PM PST by lonevoice (diagonally parked in a parallel universe)
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