U.S. President-elect Donald Trump on Wednesday said Sprint Corporation (NYSE: S) and OneWeb Ltd. will bring back 8,000 jobs in the U.S. as part of the previously pledge made by Japan-based SoftBank Group Corp. Trump took credit for the job creation plan and said SoftBank CEO Masayoshi Son helped close the deal.
Son, a Japanese billionaire and technology investor, had agreed to invest $50 billion in the U.S. and create 50,000 jobs. Earlier this month, he announced his first investment in OneWeb Ltd, a satellite startup aiming to provide internet in rural areas and emerging countries. He also owns 80 percent of U.S telecommunications group Sprint.
“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 Wednesday at his Mar-a-Lago resort in Florida. “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. And OneWeb, a new company, is going to be hiring 3,000 people and that’s very exciting.”
Sprint has been cutting cost and jobs in the U.S. in the recent years. The company said the job creation is part of the pledge made by SoftBank a few weeks ago.
“The 5,000 jobs announced today are part of the 50,000 jobs that Masa Son [Masayoshi Son, founder and CEO of SoftBank] announced a few weeks ago, but these jobs will be funded by Sprint,” the Sprint spokesman said.