Good for them. For the last article that I published, the publisher "value added" consisted of highlighting all the all-caps names in my document and asking me to define them as acronyms. Literally the only thing they did, and it wasn't even right.
Funnily enough, I was just reading an article from the journal SYSTEM (Sciencedirect/Elsevier) yesterday. Very prestigious journal in my field, but it was littered with typos and mistakes - I figured surely it couldn't be the work of the two authors.
There is a larger problem at work, however, of university administration and departments using these sorts of signposts to decide who is worthy. I think both widespread managerialism in unis and a poor funding climate are both at fault.