I think its a bit disingenuous to phrase that part like they are just "replacing" those jobs locally. They are lost to the local community, and will never come back. Plus, I wouldn't expect the same level of service (change in stake and incentive), and there is now another possible data breach target.
Companies come and go. It's a fact of life. And it's a lot better that way than keeping crappy companies around because they provide jobs. Source: I lived in Italy for 15 years.
