I am not all that surprised that this would happen, but I am surprised that it did. When I worked at TI, we were competing with Intel for the computer CPU market. We lost that war, and on top of it, the Japanese were putting so much downward pressure on chips that downsizing and offshoring became inevitable. I lost my job there in 1985. There was both bad and good in that. Bad that I had lost a great job, and good in that this forced me to get into another field, which I became successful at.
The plant being closed is the largest one in Houston, located in Stafford. When I worked there, there were thousands of employees at that site. When it closes in the next few weeks, the last 1,000 employees will be gone. 500 will be laid off, and the other 500 will be given an opportunity to work at a TI plant located somewhere else. I am thinking that the majority of them will end up in Dallas, and a few at the smaller remaining site in Houston. To make up for lost tax revenue, the City of Stafford is already beginning to put the squeeze to smaller businesses there. It just so happens that the small HVAC contracting company I work for in Stafford is now going to have to pay 125 bucks extra a year to the City of Stafford. Why? Because we store jugs of Freon at our shop, so the City of Stafford now says that they must be taxed. Same type of crap is happening to other businesses there, especially with taxes for signs on their own property. 'Ya know, I have a better idea. Let's tax the mayor of Stafford, and see how HE likes it. LOL.