• Deindustrializationrefers to the systematic, widespread withdrawal of investmentin basic aspect of productivity, such as factories.
• Giant corporations move its factories to moreprofitable place such as other part of the country, or out of the country (offshoring).
• This means the change of the targets of investment, and need for labor decreasesalong with automate production by technological advance.
• Deindustrialization often involves relocation, but it often takes a form of corporate restructuring as well, when companies seek to reduce costs in the face of growing worldwide competition.
• A corporation may reduce or abandonless productive divisions. Wages and salariesmay be frozen.
• Increasing automation also means the end of some work. These are also called as downsizing.