Reborn in Hong Kong as a Tycoon

Chapter 375 Don't accept being robbed
The end of January in 1979 was the Spring Festival of 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 earlier, it was impossible to rush back on the day of the Chinese New Year.

Momoe Yamaguchi's birthday happens to be on the 17th of this month. If possible, Lin Baicheng plans to go to Tokyo.Not only did he want to take advantage of Momoe Yamaguchi's birthday to ask whether the relationship between the two should be maintained, he also planned to visit several 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.

Teval Electric Co., Ltd. is the name of the electrical appliance company that Lin Baicheng wants to acquire. Goldman Sachs and this company have almost negotiated, and even set a transfer price of 2750 million US dollars. Then, only after Goldman Sachs completes the due diligence, the two parties can sign to complete the transaction.

Unexpectedly, at this time, a guild actually intervened in this acquisition and contacted the employees of Tval 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 guild, the elected employee representatives were very tough. They not only asked Lin Baicheng, the acquirer, to give them a salary increase, but also asked the employees for their working hours. Just meet their standards.

"A 20% salary increase, and also asked to subsidize the meal and transportation expenses. Are they crazy?"

After listening, Lin Baicheng was very angry.This is as much as a 20% salary increase, and it's not just a one-month salary increase, but every month's salary will be increased in the future.And more importantly, if the salary is raised next time, the salary will be raised on the basis of the salary after the salary increase, and the salary will only become higher at that time, which will greatly increase the cost of the company.

After acquiring the electrical appliance company, it is still uncertain whether it can make money, but the expenditure has to increase by a large amount first. It is no wonder that Lin Baicheng is not angry.

Wade Thomas said: "Although they have proposed so much, the salary increase ratio can actually be discussed, and it is still possible to finally talk about a 10% salary increase."

"That's not OK!"

Lin Baicheng said solemnly: "This time they can threaten a salary increase through the guild, and they also have requirements such as benefits. After half a year, they will definitely continue to do this. This kind of thing has one thing and two things. I can accept it for the new The salary increase of the employees of the acquired company is to buy people's hearts and let them work with peace of mind, but I cannot accept being blackmailed to give them a salary increase, which means I have been robbed."

Lin Baicheng took the initiative to increase the salary of the employees by 5% in order to appease the people of the factory acquired from Texas Instruments.But he absolutely cannot accept that employees ask him to raise his salary by threatening, which is tantamount to stealing his money.

"It's a good thing they proposed this before I acquired the company, otherwise I would have a hard time doing it after I acquired the company."

Lin Baicheng is now a little thankful that this incident broke out early, otherwise he would be in trouble if it broke out after he acquired the Teval 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, paid half of the salary of the employees as usual, wasted with the employees, or chose to compromise, but no matter which one he chose, his loss would not be small.

Wade Thomas said aloud: "Alan, now that this is the case, if you still want to acquire this company, you have to negotiate with the employee representatives."

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

Lin Baicheng didn't answer right away, but asked Isabella who was beside her.

Isabella pondered and said: "I think our attitude must be tougher. We will not accept any negotiations from employees. Salary increases and benefits will remain the same, 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 rate of up to 10% of the number of employees. I must have a bargaining chip that can threaten their survival. Otherwise, when I buy the company, If they give me such a trick again, then my loss will be great."

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

Wade Thomas immediately shook his head when he heard the words: "Tval Electric Company has more than 1 employees. If thousands of employees are laid off, that means thousands of families. This will affect their approval ratings. Politicians will never agree to such conditions. of."

Isabella also couldn't help saying: "Boss, the 10% layoff ratio is indeed a bit much."

"Then it's up to 5%. I don't have to lay off so many employees, I just need to have chips in hand so that they don't dare to make trouble."

Lin Baicheng is as good as others, since both of them think that 10% is too much, then just drop it.

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

Wade Thomas smiled helplessly: "If you don't accept any conditions put forward by the employee representatives, they will definitely make trouble and prevent the acquisition from proceeding. They will make trouble for no reason, and they won't care about the life and death of the company."

"Then I don't care, that's my attitude."

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

"Okay Alan, since you said so, I will convey your attitude, but you have to be mentally prepared that you will not be able to acquire this company."

The person who bought it was Lin Baicheng. Since Lin Baicheng had a firm attitude, Wade Thomas naturally wouldn't say much.

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

Lin Baicheng said in a deep voice that he would rather acquire technology and production lines and go back to Xiangjiang to produce home appliances and slowly develop the home appliance company, rather than accept being robbed by employees and leaving behind hidden dangers.

Afterwards, Wade Thomas told Lin Baicheng that the overall sale of the TV department that he had discussed with General Electric had made considerable progress, but the discussion would continue.After all, General Electric is a big company, and it has the faults of a big company. In addition, this is a negotiation involving hundreds of millions of dollars. Both parties must be cautious.

On the other hand, Marvel Comics, which was later to discuss the acquisition, is making rapid progress. Goldman Sachs has already negotiated a price of 3200 million U.S. dollars, and it will take a while to see if the price can be negotiated lower.

Lin Baicheng asked Wade Thomas to speed up the negotiations, and he hopes to complete these acquisitions before he leaves Los Angeles.Of course, if it is really not possible, then it is not forced, and you cannot pay a higher price because you are in a hurry.

(End of this chapter)