Chapter 508
Self-Salvation
Chapter 508 Self-Salvation
The old factory director and Guan Hai each used their unique skills to bring the Changhong factory's matter to the municipal level.
Logically, the county head of Anning should be displeased by this. But in reality, he would love to pass the matter on to the city.
Anning County has a total of 13 enterprises. Changhong Factory, as a pilot enterprise among the 13 enterprises, will have a profound impact on the restructuring of the other 12 enterprises.
In situations like this, doing more leads to more mistakes, while doing nothing leads to fewer mistakes.
The city's restructuring team held three meetings in a row regarding the Changhong factory.
Most group members favored establishing a joint venture. Large conglomerates in Hong Kong tend to have a better understanding of market economics.
However, one member stated that joint ventures do not guarantee a solution.
Two weeks later, the restructuring team provided guidance and agreed to the establishment of Longtai Electronics Co., Ltd. as a joint venture between Changhong Changtong Gangcheng Huangang Group and the company.
All of Changhong's valuable assets were transferred away, including more than 700 elite personnel and the maximum amount of funds.
The Changhong factory now has only 300 elderly, infirm, disabled, and surplus employees.
"Old factory director, you can't do this! Aren't you forcing us to our deaths?"
“Guan Hai, you bastard who gave birth to a child without an anus, you’re digging up the roots of our Changhong factory! The soul of the factory lies in its workers and its corporate culture. You’ve poached all our skilled workers, what use is the shell of Changhong factory left to us? Our Changhong factory is a military factory established since the founding of the People’s Republic of China! Our radios and tape recorders used to sell well all over the country.”
An elderly man with white hair, trembling and frail, supported by his family, braved the wind and stood at the factory gate, crying and wailing.
Guan Hai was blocked inside the factory, and three or four large trucks were unable to leave.
The factory's production lines were old, and Guan Hai wanted to sell them at scrap metal prices to raise funds to invest in the joint venture, but this was discovered by the factory's veteran workers.
Now a group of elderly, weak, sick and disabled people are blocking the factory gate, preventing them from taking the goods away.
These elderly workers, who had dedicated almost their entire lives to the factory, felt incredibly desolate.
Their youth and their lives were spent on these production lines.
At that time, the factory was responsible for the workers' retirement, and it was not integrated with the social security system for the elderly.
If the factory doesn't want them, it means they won't have pensions, no source of income, and their medical expenses won't be reimbursed.
Guan Hai had no choice but to give up selling the production line, since selling it as scrap metal wouldn't bring in much money.
But the old workers were still blocking the way, and the heavy snow fell on their hats, making them look like snowmen.
Guan Hai frowned. These were all elderly, weak, sick, and disabled people. If they were to get sick from the cold and someone died, it would affect the joint venture.
Guan Hai thought for a moment, got out of the car, and said through a megaphone, "Old buddies, establishing a joint venture is not about abandoning you, but about finding new opportunities for more than 700 workers. I know you're having a tough time, but are these 700 workers having an easier time? They have elderly parents and young children to support; they are the pillars of their families. You can't ruin the livelihoods of more than 700 fellow workers just for your own sake!"
Guan Hai's words instantly put the more than 700 elite soldiers and the more than 300 elderly, weak and disabled soldiers on opposing sides.
Some of the workers who were selected for the joint venture tried to dissuade him.
“Uncle Chen, there’s no use waiting here. What if the big boss of Ganggang City changes his mind? My wife just gave birth, and our family of five depends on me to earn money to support us.”
"Master, you can't fight city hall. Once I'm better, I'll definitely take good care of you."
The once united Changhong factory workers instantly split into two factions, each fighting for their own interests.
The workers blocking the factory entrance refused to back down; they just wanted an explanation.
The factory took away all the high-quality assets, leaving behind a pile of junk, and refused to pay any money. Isn't this forcing Changhong Factory into bankruptcy?
Shouldn't the higher-ups give an explanation and tell us what to do with the remaining 300 or so employees? For a time, the situation reached a stalemate.
Guan Hai raised his hand, checked the time, and saw that it was already 5 p.m. He had a dinner appointment at 6 p.m.
Guan Hai's eyes darted around, and he came up with a good idea to shift the blame elsewhere.
"Old buddies, I didn't explain myself clearly. The old factory director didn't go to the joint venture; he stayed at the factory. You might not know, but he found a big boss for our Changhong factory—one of the shareholders of Pang Donglai Selected Supermarket. Although Boss Lin is young, she has a knack for making money. As long as the government agrees to let her be the factory director, she will definitely be able to lead Changhong factory out of its predicament. Old factory director, am I right?"
The old factory director was almost driven to his death by anger.
If the Changhong factory were still the same as before, the old factory director would certainly have this confidence.
But now Changhong Factory has nothing left but a pile of debt and burdens. Guan Hai's words show he has a very bad heart!
But the more than 300 elderly, weak, sick and disabled people blocking the city gate looked at the old factory director expectantly, as if grasping at the last straw.
Everyone in Anning County knows Pang Donglai Selected Supermarket!
It's so hot!
I heard that the owner of Pang Donglai Supermarket has to settle the daily turnover, and the bank sends someone to handle the deposit business.
Making money that fast is like sweeping money up with a broom.
If Lin Laiwan really becomes the factory manager of Changhong Factory, will Changhong Factory become rich?
Meeting those hopeful eyes, the old factory director felt as bitter as if he had swallowed a pound of bitter herbs, the bitterness spreading from his mouth to his heart.
Even if he had no pride, he wouldn't dare to drag Lin Xiaohe into this deep pit!
Isn't this blatantly ripping people off?
Gradually, the scene became agitated again.
Guan Hai continued to fan the flames: "The establishment of a joint venture is a done deal, and no one can change that. But you can save yourselves! As long as Boss Lin is willing to become the factory manager, you'll have money, you'll get rich, and maybe Changhong Factory will develop even better than the joint venture factory."
As he spoke, Guan Hai laughed.
He laughed at his own words. The Changhong factory was now a mess, and anyone who came in would die.
They even want to develop Changhong's factory to be more powerful than the joint venture factory. Haha, even a celestial being couldn't save them.
The old factory director glared at Guan Hai with hatred, his eyes blazing with fury, his teeth grinding together.
How come he never realized before that Guan Hai was such a petty and narrow-minded person?
Just as the situation was about to get out of control, a Jeep screeched to a halt at the entrance of the Changhong factory.
Lin Xiaohe jumped out of the jeep, waved the document in her hand, and said loudly.
"Thank you, Director Guan, for thinking so highly of me. I will certainly live up to your blessings and make Changhong Factory a thriving enterprise, catching up with the joint venture factory as soon as possible!"
"Fellow villagers, this is a pledge I made before the county magistrate. I volunteer to serve as the contracted factory manager of Changhong Factory for six months. If I fail to revive Changhong Factory after six months, I will use my own assets to conduct a management buyout."
Not all management buyouts are the same.
Management buyouts (MBOs) of factories with high-quality assets may carry the risk of asset loss.
For a factory like Changhong, implementing a management buyout (MBO) is like a godsend!