Reborn as a tycoon in Hong Kong

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 plans to go to Tokyo. Not only did he want to take advantage of Yamaguchi Momoe's birthday to ask whether the relationship between the two should continue, 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.

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, only after Goldman Sachs completes due diligence, both parties can sign to complete the transaction.

Unexpectedly, at this moment, a guild actually intervened in this acquisition and contacted the employees of Twal 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 were very tough. Not only did they ask Lin Baicheng, the acquirer, to give them a salary increase, but they also set requirements on the working hours of the employees. They only work a few hours a day and their benefits are also limited. 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 salary increase of 20%, and it is not just a one-month salary increase, but a monthly salary increase in the future. And more importantly, if the salary is increased next time, it will be based on the salary after the salary increase. The salary will only become higher by then, which will greatly increase the company's costs.

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's not OK!"

Lin Baicheng said solemnly: "This time they can blackmail the guild for a salary increase, and they also have benefits and other demands. 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 employees of the acquiring company were given a salary increase in order to win over people's hearts and allow them to work with peace of mind, but I cannot accept being blackmailed and giving them a salary increase, it would be equivalent to me 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 cannot accept employees using blackmail to get him a raise, which is 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 if it broke out after he acquired Twal Electric Company. After all, he couldn't take the initiative to lay off a large number of employees at that time, unless he shut down the factory, paid half of the employees' salaries as usual, spent time with the employees, or chose to compromise, but no matter which option he chose, his losses would not be small.

Wade Thomas spoke up and said: "Alan, in this situation, if you want to acquire this company, you must negotiate with the 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." That’s it with 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 acquired it 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.

Later, Wade Thomas told Lin Baicheng that the negotiation with General Electric for the overall sale of the TV division had made considerable progress, but the talks would continue. After all, GE is a big company and has the shortcomings of a big company. In addition, this is a negotiation involving hundreds of millions of dollars, so both parties must be cautious.

However, the Marvel Comics Company, which was later discussed for acquisition, is progressing very quickly. Goldman Sachs has already negotiated the price to US$32 million. It will take a while to see if the price can be negotiated lower.

Lin Baicheng asked Wade Thomas to speed up negotiations. He hoped to complete these acquisitions before he left Los Angeles. Of course, if it really doesn't work, don't force it. You can't pay a higher price just because you're in a hurry.