Someone out of the industry recently stated that it is social security legislation that makes it difficult for a manufacturer to adapt to a shrinking market. And thus insolvency would be the result, to the benefit of the owner who thus get's off his employees.
But the situation the photochemical industry has to face has not come overnight. And one (the owner/the management) could have prepared for this. Except of course one clings to the last-one-standing concept solely and would then be unprepared if it is oneself that cannot stand any longer.