Part 8/13:
Government officials have promised retraining programs, but there are questions about long-term viability and income stability for displaced workers. Many employees possess specialized skills in furniture making that may not easily transfer to other sectors, particularly in a region where manufacturing employment has waned significantly.
International Trade and Corporate Strategy
The Wholesag case exemplifies how multinational corporations respond to global pressures. Once a Canadian-owned entity, its acquisition by Mighty Inc. changed the decision-making landscape. The company's shift to move production south of the border underscores the ripple effects of international trade policies, particularly tariffs, which incentivize relocation for cost savings and market access.