exhalt,

Toyota bought BT of Sweden & The Raymond Corporation. It is possible through consolidations people can loose their job - jobs have never been guaranteed. But at the same time new jobs can be created - I worked for MCFA taht joint venture with Cat did two things signficantly increase the sales of Mitsubishi built products and saved the jobs of Cat lift ruck employees.
I worked for a company that went out of business - employed 1500 people at one time - name Allis Chalmers. White Mobilift while a small player went out of business too. To pay for my college education I worked summers building Mustangs ('64 thru '67 year models for Ford Motor Company at the Dearborn Assembly Plant part of what is called the "The Rouge Complex". Ford made the complete car there - glass , steel , castings, engines, transmission, forgings, stampings, etc. In the height of employment The Rouge employed 300,000 Ford employees, today only 6000 Ford employees are employed and all they do is assemble the Ford F150- the remaining operations (basically the glass plant was sold off & others were simply closed F150. Don't know how many F150's they make per hour but back when I was there they produced 67 Mustanges/hour and we worked 67 hours/week (11.5 - Mon to Fri) & 10.5 hrs on Sat. on that assembly line. Made big money $2.45 to $2.67/ hour + OT pay at time & a half - I was rich - until I had to pay tuition, room & board buy books & a little play money about $10.00per week.