Originally, both Tongyong and Foote wanted to trade with Fengyu Holdings Group, but after they learned that Fengyu Holdings Group was cooperating with Tata Group, they had new ideas. Tianlai "Novel WWW. 』⒉3TXT．COM
Feng Yu and the others naturally want to spend less, while GM and Ford both want to sell more.
In fact, this conflict was not big at first, but the problem was that Feng Yu's other requirement was too harsh. None of the employees here in the United States are required, and employees from other regions must also be reviewed before deciding whether to accept them.
If Tongyong and Fute were to lay off employees first, Feng Yu would naturally take advantage. The laid-off employees will definitely need to find jobs, so they can re-sign employment contracts with those employees at a more reasonable price, and this contract can even lower the price.
Tongyong and Ford itself will lay off employees, but this is completely different from the scale of layoffs required by Feng Yu. Although when Ralph talked to the other side, he said that he could give more money, Tongyong and Foote still disagreed.
Old manufacturing companies like them have many retired employees, and they also need to pay compensation for layoffs. If these businesses are sold but the employees are still in their hands, can they lay off them all? Definitely only part of it can be cut off.
As a result, they will inevitably need to lay off employees in other businesses to accommodate these extra employees.
In this way, although they laid off a lot of employees, they were not able to reduce their burden too much. Even if they temporarily took more money, it would only be to quench their thirst. When the time comes, the pensions, medical insurance, etc. of these employees will still be a huge burden.
Feng Yu insists on this and cannot change it. You can pay more, but you don’t want these people, and you don’t want those garbage factories.
In its previous life, Tata Motors also did well when it started operating passenger cars. But after acquiring Jiebao and Luhu, and then driving its own small cars, it started to lose money.
Although Jiebao, Luhu, etc. sell well, the burden is heavier. If not for those burdens, how could Ford be sold to Tata Motors so cheaply
What Feng Yu meant was that he didn't want the debts, but neither GM nor Ford would agree.
Neither Tongyong nor Ford will bear this part of the debt. Fortunately, non-performing assets can be divested through equity restructuring.
You said that non-performing assets were divested and bankrupted, so that employees of those bankrupt companies would not come here
Under normal circumstances, bankruptcy and reorganization only abandon some non-performing assets, and then let high-quality assets bear these debts, defer repayments, and reduce the burden.
Many foreign companies simply transfer non-performing assets to a company and then proceed to bankruptcy liquidation.
The method is very simple, just legally break away from the relationship. A bankrupt company can just find one person to shoulder the responsibility, and it has nothing to do with these high-quality assets.
The burden was left to the political axe, and the legal person of the bankrupt company also had a lot to do with it.
This legal person is also very simple. In the United States, there are many people who have been imprisoned and become legal persons. They will never get out in this life anyway, so it is good to leave some money for their families.
He is in jail and can't get out. He's not afraid of others making trouble. He can't pay off his debts anyway. If you can, let me go out and work to pay off my debts.
There are many similar methods, and some let some people who are dying become legal persons, and loopholes can always be found.
Of course Feng Yu would not adopt this approach. As long as he reorganizes once, he does not even need bankruptcy reorganization. Normal asset reorganization will be enough.
Even if there are some non-performing assets, they are normal. You can't just say that someone's particularly high-quality assets are just sold, right
After research, Ralph, Paranghi and others believed that Tongyong and Foote might have united in private. In this case, the acquirers like Fengyu Holdings would suffer.
Ralph believes that the first thing to do now is not to think about how to acquire the target businesses of these two companies, but to differentiate the two companies.
Only through differentiation can we truly take the initiative.
What they want to study now is how to divide the two American companies. After all, the main factories of these two companies are in Detroit.
To put it bluntly, although they are old rivals, in this case, they will still cooperate with the outside world because it is in their interests.
Both Ralph and Paranghi believed that they should contact Foote first. After all, Foote came to the door after knowing that Tongyong had contacted them. Obviously, they were more anxious to sell the assets.
Feng Yu has a different opinion. He believes that the co-payer should be contacted first, because the co-payer has a greater burden and needs more cash.
At this time, Mr. Xu said weakly: "Can I express my opinion?"
Mr. Xu was able to come as a representative because he was very good at English, which was an advantage among the cadres.
At this time, they are all on their own, so Feng Yu will naturally not refuse Mr. Xu's words, and multiple people will provide multiple opinions.
"We are all our own people, just tell me."
"I also think that we should contact Tongyong first. According to what Mr. Ralph said, Tongyong was the first to contact Fengyu Holdings Group, right? That means they are very anxious for money."
"Secondly, Tongyong plans to sell its shares in the joint venture factory in China. This is something that our Huaxia xx assets must acquire. And this time we are going to buy out the shares in Tongyong's joint venture factory in China first. Do you think Ford will be anxious? "
Feng Yu's eyes lit up, but he didn't realize that Mr. Xu still had some ideas.
His work resume is not impressive and he looks relatively mediocre, but the fact that he has not had any stains for so many years proves that this person has some brains.
Ralph thought for a while, nodded and said: "This is a good idea. After the success, Tongyong got the money, but it was not enough at all. It can only temporarily alleviate their troubles."
"For Ford, we can ask that we must buy shares in their joint venture factory in China, which they directly refused. When Ford sees that Tongyong has been sold, maybe he will agree to sell it."
"Even if Ford doesn't sell these assets, it will be more beneficial to us when negotiating other assets. Another Ford asset is still much better than Tongyong's, and Tongyong can't agree to it at all. Require."
In fact, I don’t want anyone. This is too difficult for Tongyong. But for Foote, it's much simpler.
They have few brands and few employees. Ralph only emphasized that he wanted no one in North America. The assets Foote wanted to sell had few employees in North America.
After Feng Yu and the others acquired Foote's assets, they would always need employees. Foote proposed to hire their original employees first, and Feng Yu also thought there was nothing wrong with this.
Hiring skilled workers is much better than hiring novices.
Parangi also thinks this is good, and they can even test whether they can buy Daewoo, the same company. If this is negotiated, then Feng Yu has promised not to compete with Tata Motors.
"Ralph, let's talk about it specifically. It's up to you to lead the team. We've done this well and I won't lose anything to you."
… (To be continued.)