Chapter 1694 Differentiation Strategy

Originally, both Tongyong and Fute wanted to trade with Fengyu Holding Group, but they had new ideas after knowing that Fengyu Holding Group cooperated with Tata Group.

Feng Yu and the others naturally wanted to spend less, while GM and Ford wanted to sell more.

In fact, this conflict was not too big, but Feng Yu's other requirements were too harsh. Employees in the United States do not want any, and employees in other regions must be reviewed before deciding whether to do so.

Feng Yu naturally took a lot of advantage if he wanted to lay off staff at the same time and Foote. 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 even this contract can lower the price.

Tongyong and Fute are going to lay off staff, but this is completely different from the scale of layoffs Feng Yu requested. Although Ralph said that he could give more money when he talked to the other side, Tongyong and Foote still disagreed.

An old-fashioned manufacturing company like them has a lot of retirees and needs to pay compensation for layoffs. If these businesses are sold and the employees are still in their hands, can they lay off all of them? Certainly only part of it will be cut.

In this way, they will inevitably need to lay off employees in other businesses to accommodate these extra employees.

In this way, although they have laid off a lot of staff, they have not been able to reduce their burden too much. Even if they temporarily take more money, it is just drinking poison to quench their thirst. At that time, the retirement pensions, medical insurance funds, etc. of these employees will still be a huge burden.

Feng Yu insisted on this point and absolutely cannot change. You can pay more, but don't want these people, and don't want those rubbish factories.

In the previous life, when Tata Motors started to operate passenger cars, it also did well. But after acquiring Jeet Leopard and Land Rover, and then developing its own small car, it started to lose money.

Don't look at Jeet Leopard, Land Rover, etc. sell well, but the burden is heavier. If it weren't for those burdens, how could Foote sell to Tata Motors so cheaply?

What Feng Yu meant, he didn't want those debts, but neither GM nor Ford would agree.

Tongyong and Fute will not bear this part of the debt. Fortunately, the non-performing assets can be stripped off through the restructuring of the shareholding structure.

You say that the non-performing assets are divested and bankrupt, so the employees of those bankrupt companies will not come over?

Under normal circumstances, bankruptcy and reorganization just abandons some non-performing assets, and then makes high-quality assets bear these debts, defer repayment, and reduce the burden.

Many foreign companies,

Simply transfer the non-performing assets to a company, and then go into bankruptcy liquidation.

The method is very simple, just leave the relationship legally. For a bankrupt enterprise, just find someone to carry it, and it has nothing to do with these high-quality assets.

The burden is left to the political axe, and the legal person of the bankrupt enterprise has a lot to do with it.

This legal person is also very simple. In the United States, some people who are in prison become legal persons. Anyway, they will not be able to come out in this life. It is good to leave some money for their families.

He's in prison, and he can't get out. He's not afraid that others will make trouble. Anyway, he can't pay the debt. If you have the ability, you can let me go out to work to pay off the debt.

There are many similar methods, and some people who are dying can always find loopholes.

Of course, Feng Yu would not take this approach. As long as the reorganization is once, there is no need for bankruptcy and reorganization, and normal asset reorganization is fine.

Even if there are some non-performing assets, it is normal. It is impossible to say that other people's particularly high-quality assets are sold like this, right?

After research, Ralph, Palangi and others believe that Tongyong and Foote may have joined forces in private. In this way, it is the acquirers such as Fengyu Holdings who 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 by differentiation can we truly take the initiative.

Now what they have to study is how to differentiate 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 agree to the outside world, because it is in their interests.

Both Ralph and Palangi believed that they should contact Foote first. After all, Foote came to the door after knowing Tongyong had contacted them. Obviously, they were more anxious to sell assets.

Feng Yu has a different opinion. He thinks that he should contact the same user first, because the same user has a greater burden and needs more cash.

President Xu said weakly at this time: "Can I express my opinion?"

Mr. Xu was able to come here as a representative because his English is very good, which is an advantage in the cadre department.

At this time, he was his own person, so Feng Yu naturally would not refuse Mr. Xu's opening, and many people also had multiple opinions.

"It's all my own, tell me."

"I also think that we should contact Tongyong first. First of all, according to what Mr. Ralph said, Tongyong was the first to contact Fengyu Holding Group, right, that means they are in a hurry to use the money."

"Secondly, Tongyong plans to sell the shares of the joint venture factory in Huaxia. This is an inevitable acquisition of our Huaxia xx assets. And if we buy the shares of the joint venture factory in Huaxia first this time, do you think Foote will be anxious? "

Feng Yu's eyes lit up, but he didn't realize that President Xu still had some ideas.

The work resume is not brilliant and looks relatively mediocre, but after so many years, there is no blemish at all, which also proves that this person has some brains.

Ralph thought for a while, nodded and said, "This is a good way. After the success, the same money got the money, and it was not enough at all, so we could only temporarily relieve their troubles."

"For Foote, we can demand that we have to buy their shares in the joint venture factory in Huaxia, which they directly refused. Foote sees that the same company is sold, maybe they will agree to sell it."

"Even if Foote doesn't sell this part of the asset, it will be more beneficial to us when other assets are negotiated. Another Footer's asset is much better than the same asset, and the same side can't agree to us at all. Require."

In fact, no one is needed, which is too difficult for the same use. But for Foote, it was much simpler.

They have fewer brands and fewer employees. Ralph only emphasized that there is no one on the North American side. The assets that Foote wants to sell have few employees in North America.

After Feng Yu and the others acquired Foote's assets, they always needed employees. Foote proposed to hire their original employees first, which Feng Yu also thought was nothing wrong.

Hiring skilled workers is better than hiring novice workers.

Palangi also thinks this is very good, and they can even test whether they can buy Daewoo, which is the same as Daewoo. If this is negotiated, then Feng Yu has promised not to compete with Tata Motors.

"Ralph, how to talk about it specifically, it's up to you to lead the team. It's not a loss for you if this is done."

...(To be continued.)