But peel back a layer and the promises come with some caveats. A company’s plan to increase capital expenditures, which include jobs and facility improvements, are typically years in the making. Some of these “announcements” are old news in a new hat.
GM said its plan was approved before the election, but told Bloomberg it was “accelerated” under pressure from Trump, for example.
Wal-Mart’s job creation plans are in line with its normal annual increase, and come after it has closed 269 under-performing stores and cut thousands of jobs.
The combined Bayer-Monsanto U.S. R&D spending pledge is roughly what the two companies are already spending, CNBC reported.
And Sprint’s jobs were part of a previously announced commitment by its parent company to create 50,000 jobs in the U.S.
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