It’s 2 days until Donald Trump will be sworn in as president, but he’s already made plenty of BIG LEAGUE moves.
Lots of big companies have vowed to stay in America now that taxes will drop, and Trump keeps on winning.
Check out Walmart’s massive announcement…
Wal-Mart Stores Inc (WMT.N) and General Motors Co (GM.N) on Tuesday became the latest companies to win praise from President-elect Donald Trump for adding U.S. jobs and investment, even though much of their plans were previously announced.
Wal-Mart will add 10,000 jobs this year while GM announced $1 billion in investment that would create 1,500 U.S. jobs.
Trump, who takes office on Friday, has repeatedly singled out and criticized U.S. companies across industries for not doing more to keep jobs in the United States and has put pressure on them to hire more U.S. workers.
“Thank you to General Motors and Walmart for starting the big jobs push back into the U.S.!” Trump said in a tweet on Tuesday reacting to the moves.
Bringing manufacturing back to the United States was a major theme in Trump’s presidential campaign. In a separate tweet he said, “With all of the jobs I am bringing back into the U.S. (even before taking office), with all of the new auto plants coming back into our country … I believe the people are seeing ‘big stuff’.”
Announcements by Wal-Mart and GM come as both companies are cutting jobs in the country, and their hiring, which was planned for some time, represent a small increase in their total U.S. workforce.
German drugs and agriculture group Bayer (BAYGn.DE) and U.S. seeds company Monsanto Co (MON.N) also pledged on Tuesday to maintain its more than 9,000 U.S. jobs and add 3,000 new U.S. high-tech positions.. Both companies announced plans to create thousands of high-tech U.S. jobs previously when they announced their merger.
Ya gotta love it!