Bethlehem steel is the biggest one I know; they didn't fund their retirement plans properly, they declared bankruptcy and the gov is left holding the bag.
My brother and other friends and family worked for a company which was minority owned; got a lot of government contracts and tax breaks. When the last contract was running out there were promises about new contracts but after the last piece was built the company defaulted on it's last payrolls, had not been paying it's insurance for months, no pension plan money. That company owner skipped out of the country.
My best friend had a great job for twelve years after a company broke a union. (The union had struck over something very minor.) That company spent millions where it wasn't needed; built a second facility for a new process; all with gov backed funds and tax breaks then closed the whole shebang down two years later claiming the place wasn't profitable.
A small candy company did the same thing, but opposite. They closed a profitable location to save an unprofitable one. Okay, the gov had nothing to do with it, just mentioned because it's so stupid.
I agree a worker shouldn't have blinders on and expect, demand, a job always be there just for him. A company isn't in business to provide jobs. (Neither is the government). These business cycles are happening so fast; whole industries can spring up and disappear in decades and soon it will be less. There will be people left behind. The sooner workers realize it, the better the chance they won't be.
Kevin T. - VRWLC time to outsource some beer
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