I agree. If there isn’t the business, you gotta cut. But, im my case, the company opened a new Mexico City plant the same year that it shut down ours. It didn’t really save any money because shipping costs and quality were a major part of our product cost, but the shareholders loved the idea for a couple quarters.
I’m sorry that your plant was shut down. I don’t know why there is so much of that except maybe healthcare costs. When I retired in 2000 my company paid all of my insurance and it was a factor in why I left. Since then they have started charging retirees and there has also been an increase in my premium with no increase in my pension. It hurt, but what are you going to do? In reality they provided me with a paycheck while I was employed and that is really all one should expect when seeking employment. If you get other bennies, then you should consider yourself blessed, not entitled.