Er... actually the focus of my question was on the survive outside part not the closure part.
But with the replies I think I got the answers already. but yah. I agree that we must be prepared for any changes. I think you never worked in st before so you don't know the complacency. Some people keep thinking the company is iron rice bowl so they won't improve themselves. No need to close down lah, just reorg and you can see how they survive outside.