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Yep. The story about large corporations being totally nationeless is a pure fantasy. For example, just a couple years ago Fiat-Chrystler decided to move product
by killtimeatwork 6y ago
Yep. The story about large corporations being totally nationeless is a pure fantasy. For example, just a couple years ago Fiat-Chrystler decided to move production from one of its best factories in Poland to one of its worst (in terms of quality and costs per unit), located in Italy. It made zero sense for the business and was only made as a favor to Italian politicians.
In more general sense, all global companies have some originating country and most of them keep the HQ and most of the high-paying jobs there. They expand to other countries mostly as a cost-saving measure and they have zero loyalty to them, while they have a lot of loyalty to the mothership.
- toyg 6y ago> It made zero sense for the business No, it makes perfect sense when you factor in that FIAT/FCA/Stellantis was and is the receiver of massive subsidies, in various guises, from the Italian state. Losing those would be more harmful to the business than losing any foreign factory (with the exception of US ones, which were also beneficiaries of massive state support). FCA stopped being a "national champion" ages ago, they are just a hardened global business now; they just know which side their bread is buttered. > They expand to other countries mostly as a cost-saving measure and they have zero loyalty to them Believe me, they have zero loyalty to "the motherland" too. Many of them have long relocated their HQ too, for fiscal reasons. FCA/Stellantis, for example, is now based in Amsterdam. The chance that they'll ever expand again their manufacturing bases in Italy or France is minimal. Honestly, the issue is that national champions don't exist anymore. Greed-is-good is all that matters.