President-elect Donald Trump said Wednesday that Sprint will bring 5,000 jobs back to the United States from overseas, while another company OneWeb will add 3,000 jobs in the U.S.
The jobs were made possible, Trump said, through Softbank CEO Masayoshi Son, a Japanese billionaire and technology investor, who met with Trump in New York earlier this month. After that meeting, the two businessmen announced Softbank would invest $50 billion in the U.S. and create 50,000 jobs. Softbank owns 80% of Sprint and this month it invested $1 billion in OneWeb, a venture that intends to offer affordable Internet access. Son called the investment a “first step” in his commitment to Trump.
“Because of what’s happening and the spirit and the hope, I was just called by the head people at Sprint and they’re going to be bringing 5,000 jobs back to the United States and taking them from other countries,” Trump told reporters at his Mar-a-Lago estate in Palm Beach, Fla.
“They’re bringing them back to the United States and Masa and some other people were very much involved in that so I want to thank them,” Trump said. “And OneWeb, a new company, is going to be hiring 3,000 people and that’s very exciting.”
Sprint, which had 30,000 employees at the end of last year, said the jobs would mostly come from new sales positions and call center agents managed by overseas vendors. It said it would immediately start talking with states and cities to find the right location in the U.S. On the campaign trail, Trump repeatedly urged companies to keep jobs in the United States, arguing that his predecessors helped to push positions abroad through what he called bad trade deals and regulations. He previously announced a deal with United Technologies unit Carrier to keep some of the jobs it planned to move to Mexico in Indiana.
Trump earlier claimed the SoftBank investment was a direct result of his election. However, the $50 billion will come from a previously announced $100 billion investment fund set up with Saudi Arabia, according to Dow Jones, and SoftBank has a long history of investing in the U.S.
Earlier on Wednesday President-elect Donald Trump tweeted that the U.S. consumer confidence index was rising. On Monday, he tweeted that “the world was gloomy before I won” and that the stock market has been rising and consumer spending increasing ever since. In recent years it has closed a number of facilities including call centers in the U.S. and moved the work to overseas vendors. Last year, it laid off about 2,500 people.