Quote:
Originally Posted by Urbana
but one thing we never lost was the heavy concentration of corporate headquarters and the jobs that went with them. For example, although they pulled their centers of production out of western PA, US Steel has continued to grow and be successful as a company.
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US Steel is producing the most steel it ever has in it's history right now but with 70% less laborers due to technology.
Concerning hq's, actually not counting getting leap-frogged in population by many other cities, we did go from being the 3rd largest corporate HQ city after the big boys of New York and Chicago to our current 8th position. Still strong for the nations 22nd largest metro (in the next couple years we'll probably be down to 24th largest.)
Pittsburgh got CRUSHED in the mergers and aquisitions game of the 80s. Here's a CRAZY blurb from the wikipedia page:
"Pittsburgh lost its manufacturing base in steel and electronics, and its status as the third-largest center for corporate jobs after New York and Chicago [23] with corporate raiders removing the global headquarters of J&L Steel (1974), Gulf Oil (1984), Murphy's Mart (1985), Koppers Chemical and Rockwell Aerospace (both 1988), Sunbeam (1991), Westinghouse (1995) and Dravo Shipbuilding (1998), all through multi-million dollar deals."