You have to understand that with declining business volume (or declining local production), a company that was fully staffed last year is overstaffed this year with the same number of employees. IOW, if you shift production overseas, you are overstaffed at home, even if your sales are increasing, if you don't get rid of some people.
I understand, my concern is that when business is down there is pressure to cut real numbers – not all jobs can be shipped off shore – then, if people are not careful, when demand comes back (as it always does), demand cannot be met, customer service lapses and, clients are lost. I realize this is not a problem for all industries. But service industries with a lot of specialized knowledge this can be a problem.