I clearly remember growing up in the 1980's and later and hearing about mass redundancies happening during a bad economy. It was newsworthy because of the pote

I clearly remember growing up in the 1980's and later and hearing about mass redundancies happening during a bad economy. It was newsworthy because of the potential devastation these events would have had on an area; as in some people may never be employed _ever again_. It's why Ireland gave so many tax breaks to Apple; they employed thousands from one city. Layoffs would have made an already bad situation far worse.