Good for youan only comment from my experience but in my case, I totally disagree. I work for a MNC, most of us (80%) work from home and I am only out of the home office to meet the clients or where we do get together for a couple of days as a team to work through things collectively. I can truthfully say I can't name a single person in my company, my suppliers/partners or clients who works from home and was made redundant as a result.
I have a Daughter who work from home for over 15 years when she moved to another European Country to live
Still working for the same Irish based Company from home
On the other hand when I look at your post above I think I am listening to how employees who thought the were just that bit better doing there job in a big Engineering Company and did not see any threat to there jobs when there employer moved employees based in another engineering company to gain experience in Ireland they were shocked when the company closed most of there Irish operation and no longer required there services,