Earlier quoted context omitted.
The other thing they don't teach you in Econ 101 is that treating corporations as obligated to keep and preserve jobs prevents them from creating societal value, and treating workers as entitled to a job disincentivises the invention of new methods of creating societal value. It causes stagnation of the economy.
Also, clothing is a commodity. Whatever benefit Uniqlo shareholders get from this will be short-lived as clothing prices drop around the world, benefiting all clothes buyers (everyone) at the expense of a textile workers, who -- at least for the time being -- can easily find a job elsewhere. At some point, automation might be a cause for concern. But I really don't think this is that type of headline...
Now the question becomes, "is that a bad thing?" My answer is yes, because the forces that produce the negative feedback compound with each other. It becomes a "negative welfare contagion". It also is fundamentally unjust.