Well in a way yes. In most countries in Europe you're entitled to a significant lump sum when let go unless it's your fault e.g. negligence. Based on years worked.
Where I live in Spain we have to downpay 30% and a mortgage would generally be granted to about 3x the annual salary. So to get a third of that would be quite significant.
The government in my country once tried to get companies to move to undeveloped regions. It was an unmitigated disaster. No homes, no infrastructure and if your employer goes bankrupt you're stuck in the boonies.