It's a "first strike" approach to jobs.
Companies eager to avoid becoming the target of the next attack by President-elect Donald Trump are pre-emptively — or retroactively — announcing U.S. job creation plans.
"When automakers such as Toyota announced their new strategies in response to the so-called Trump risk, the industry was nervous and asked 'Who's next?'" Kim Jin-woo, an analyst at Korea Investment & Securities Co. told Bloomberg after Hyundai-Kia announced it would invest $3.1 billion in the U.S. over the next five years.
The risk is that Trump will include your name in a negative tweet, spawning a PR crisis and a temporary stock price ding.
After campaigning on pledges to make U.S. companies bring jobs back, Trump has announced he's been successful at doing so before he's even president. So on Tuesday as business returned following the Martin Luther King federal holiday, a bevy of companies announced they would be adding jobs after the inauguration on Friday.
Put down automaker GM for 1,500. Add 10,000 from Wal-Mart. "Thousands" for Hyundai. And Bayer said it would keep 9,000 jobs and add 3,000. That is, if the government gives it the regulatory approval to merge with Monsanto.