There was a time when companies took care of their employees; old factory owners realized that by taking care of his workers he also built better future for himself; employees were tied to company and were able to buy products from company shops, took their children to the company's schools to be educated and quite often childrens did return to work for the company as engineers (two, maybe three generations from same family working for same company), took the sicks to the hospital runned by company, had weddings and funerals in church owned by the company and basically lived their lives tied to the company.
It was wise decision in long run thought the times have changed and competition is hard.
Kinda shame.