"Isn't the problem" implies that there exists precisely one.
If n similar companies close and let all employees go, IMO that generally shows that a problem exists. One company shutting down is something happens, two similar ones at the same time is a coincidence, many... generally shows a problem.
Unless, of course, they were closed on purpose (prohibiting alcohol is no good for breweries) or because some resource ran out (mines close when the ore is mined).
In this case, I find it a little difficult to believe that a largely export-oriented R&D-intense industry closed because of transmission and regulation problems in the home country. Possible, needs supporting argument.