Reborn Xiangjiang as a Tycoon

Chapter 375: Not Accepting Being Robbed

The end of January 1979 was the Spring Festival in the Chinese lunar calendar, so Lin Baicheng would go back to Xiangjiang before then, and he would definitely have to go back a few days in advance. It was impossible to rush back on the New Year's Day.

Yamaguchi Momoe's birthday happens to be on the 17th of this month. If possible, Lin Baicheng is planning to go to Tokyo. Not only does he want to take advantage of Yamaguchi Momoe's birthday to ask whether the relationship between the two should continue, he is also planning to go there

Check out some companies in Tokyo.

Therefore, Lin Baicheng hopes to complete the acquisition and financing in Los Angeles before then.

However, on Wednesday the 10th, Wade Thomas came to Lin Baicheng and told him bad news.

Tevar Electric Company is the name of the electrical appliance company that Lin Baicheng wants to acquire. Originally, Goldman Sachs and this company were almost in talks, and even set a transfer price of US$27.5 million. The debt of up to US$100 million was financed by Lin Baicheng.

Then, just wait for Goldman Sachs to complete due diligence before the two parties can sign and complete the transaction.

Unexpectedly, at this moment, a trade union intervened in this acquisition and contacted the employees of Tevar Electric Company. The employees demanded that their interests be protected, otherwise the company would not be allowed to be acquired.

With the support of the trade union, the elected employee representatives took a tough stance. Not only did they ask Lin Baicheng, the acquirer, to give them a salary increase, but they also set requirements for employees' working hours. They would only work a few hours a day, and their benefits would also be reduced.

You have to meet the standards they set.

"A 20% salary increase, and they also ask for subsidies for meals and transportation expenses. Are they crazy?"

After hearing this, Lin Baicheng was very angry. This is a 20% salary increase, and it is not just a one-month salary increase, but a monthly salary increase in the future. And more importantly, there will be another salary increase next time

If so, the salary will be increased based on the salary after the salary increase. Then the salary will only become higher, which will greatly increase the company's cost expenditure.

After acquiring an electrical appliance company, it was not yet certain whether he would make money, but his expenses had to increase a lot first. It was strange that Lin Baicheng could not be angry.

Wade Thomas said: "Although they have proposed so much, the proportion of salary increase can actually be negotiated. In the end, it is still possible to talk about a 10% salary increase."

"That won't work either!"

Lin Baicheng said solemnly: "This time they can blackmail the guild for a salary increase, and they also have benefits and other requirements. In half a year, they will definitely continue to do this. There are two kinds of things like this. I can accept it for the new employee.

The purpose of raising the salaries of employees of the acquiring company is to win over people's hearts and allow them to work with peace of mind, but I cannot accept being blackmailed and then giving them a salary increase, which is tantamount to being robbed."

In order to appease people at the factory he acquired from Texas Instruments, Lin Baicheng took the initiative to give employees a 5% salary increase. But he absolutely could not accept employees using blackmail to get him a salary increase, which was tantamount to robbing him of his money.

"Fortunately, they proposed this before I acquired the company. Otherwise, it would be really difficult for me to do this after I acquire the company."

Lin Baicheng is now a little lucky that this incident broke out early, otherwise he would be in trouble when it broke out after he acquired Twal Electric Company. After all, at that time, he could not take the initiative to lay off a large number of employees, unless he shut down the factory and paid half of the employees' salaries as usual.

, spending time with employees, or choosing to compromise, but no matter which one he chooses, his losses will not be small.

Wade Thomas spoke up and said: "Alan, in this situation, if you want to acquire this company, you must negotiate with employee representatives."

"Bella, what do you think we should do better?"

Lin Baicheng did not answer immediately, but asked Isabella who was beside him.

Isabella pondered: "I think our attitude must be tougher. We will not accept any negotiations from employees. Salary increases and benefits will remain unchanged, but we can promise that as long as the company's performance is good, we can make appropriate adjustments."

salary."

"Not enough!"

After hearing this, Lin Baicheng said: "In addition to these, I also ask the state government to accept a layoff ratio of up to 10% of the number of employees. I must have a bargaining chip that can threaten their survival. Otherwise, when I acquire the company,

If they try this trick on me again, my losses will be huge."

"Alan, the state will not agree to your conditions."

Wade Thomas immediately shook his head after hearing this: "Twal Electric Company has more than 10,000 employees. If thousands of employees are laid off, it will affect thousands of families. This will affect their support rate. Politicians will never agree to such conditions.

of."

Isabella couldn't help but said: "BOSS, the 10% layoff rate is indeed a bit too much."

"Then the maximum is 5%. I don't necessarily want to lay off so many people, I just want to have chips in hand so that they don't dare to cause trouble."

Lin Baicheng followed suit. Since both of them thought that 10% was too much, they just wanted to lower it.

"Alan, actually it doesn't matter whether it's 10% or 5%."

Wade Thomas smiled helplessly: "If you don't accept any conditions proposed by the employee representatives, they will definitely make trouble and prevent the acquisition from proceeding. They will make trouble unreasonably and will not care about the life and death of the company."

"Then I don't care, this is my attitude."

Lin Baicheng solemnly said: "Thomas, please convey my conditions. If you can, then continue to acquire Tevar Electric Company. If not, forget it. Ask if you can acquire technology. If not, go and acquire technology from other home appliance companies."

Just like the production line.”

"Okay Alan, since you said so, I will convey your attitude, but you must be mentally prepared that you cannot acquire this company."

The person who made the acquisition was Lin Baicheng. Since Lin Baicheng was firm, Wade Thomas naturally wouldn't say anything more.

"I would rather not acquire this company than accept being robbed!"

Lin Baicheng said solemnly that he would rather acquire technology and production lines and return to Xiangjiang to produce home appliances and slowly develop the home appliance company than be robbed by employees and leave hidden dangers.

Afterwards, Wade Thomas told Lin Baicheng that the negotiation with General Electric about the overall sale of the TV division had made considerable progress, but the talks still needed to continue. After all, General Electric is a big company and has the shortcomings of big companies, plus this

This is a negotiation involving hundreds of millions of dollars, so both parties must be cautious.

On the other hand, Marvel Comics, which was later discussed for acquisition, is progressing very quickly. Goldman Sachs has already negotiated a price of US$32 million, and they will wait for a while to see if they can negotiate a lower price.

Lin Baicheng asked Wade Thomas to speed up the negotiations. He hoped to complete these acquisitions before he left Los Angeles. Of course, if it didn't work, then don't force it, and you couldn't pay a higher price just because you were in a hurry.

(End of chapter)