"You are going to the US again?" Li Na asked as she packed Feng Yu's things.
"I will go to the US, but I will go to France first. Do you want to take a few days off and go to Paris with me?"
"Never mind. Many students in my school have not signed jobs, and I still have to help them with their graduation theses. I also have two reports to hand in."
"Dear, why are you working so hard? You can teach some elective courses. It is easy and does not have too many responsibilities." Feng Yu does not mind Li Na wanting to be a teacher. But there is no need for her to work so hard.
Li Na also does not want to be a school leader. Then why is she working so hard?
"Elective courses? How many students will come to the classes? I will teach these compulsory courses and pass on my knowledge to the students. My years of study will not be in vain. "
"Alright. If I want to go out, I will do it on Labor Day or during the summer holidays. I will let you know in advance. Bring more bodyguards with you. I heard there is a strike in France. It is very chaotic. "
In fact, Europe and the US have strikes of different sizes every year. Trade unions are fighting for more benefits.
This financial crisis had hit France's industry and financial sector hard. Many companies are in trouble, and layoffs and wage cuts are everywhere.
Those workers start to strike. Many of them do not understand the company's situation and feel the management is cheating them. Not only they refuse to cut their wages, but they also ask for higher wages, more holidays, and more benefits. They think they deserve these.
But they do not know that many companies are bankrupted by their own people.
The company can still operate if they cut their expenses and work hard on sales, and the company will recover in one or two years.
But the workers are not happy. They feel the Euro has depreciated, and inflation is happening. Their quality of life is affected, and they should get higher wages and better benefits.
Then, they stop work to protest, causing the company's situation to worsen. Some companies had received orders, but no one is producing, and the company has to pay liquidated damages.
Feng Yu does not know how to evaluate these situations. The workers are fighting for their rights, and it is not wrong. But they chose the wrong time.
If the management did not communicate well with the workers, there must be a problem with the management, especially with the direction of the company's business decisions. There must be a problem. Otherwise, why would they lose money? Why would they have to rely on reducing employees' salaries or layoffs to tide over the difficulties?
One of the more typical ones that Feng Yu was familiar with was the Thomson Group, which was once the leader of the North American electrical appliance industry and one of the giants in the European electrical appliance industry. It was also one of Feng Yu's important partners.
But later, Thomson was dissatisfied with Feng Yu's dominant position, and there were problems with Feng Yu's product development concept, so the two sides had some animosity.
Later, the market proved that Thomson's development in plasma was wrong. The company's production efficiency was not high, and after the decline in sales, they could not make ends meet.
They hoped that Feng Yu could help, but they put on an arrogant attitude, which made Feng Yu very unhappy, so he directly refused. Thomson even hoped that Feng Yu could use his influence to stop Hua Xia's TV box production to ensure Thomson's market share.
Feng Yu will only agree if he is stupid to stop Hua Xia's development.
Thomson later cooperated with Sony, Toshiba, etc., hoping to turn the situation around. After all, they still have many good businesses, like sales channels, patented technologies, etc.
In the end, Thomson was left behind by the Japanese companies again. Thomson's production efficiency was too low, and their labor costs were higher than Japan's. Over there, they work four days and rest three days. Although the working hours did not seem to be reduced, the efficiency was too low.
Thomson felt that he had an advantage in some patented technologies. But compared to Japan's electronics and electrical appliances companies, Thomson had no advantage. Thomson's plasma TV research was good, but Japan's electronics companies were the leaders, and Toshiba was the leader in the plasma TV industry.
In this way, Thomson once again chose the wrong path, and then went further and further down the wrong path, going more and more remote. Now, the Thomson Group was on the verge of bankruptcy.
Most of their businesses were making losses, and the losses were increasing. There was no hope of them making a comeback.
Thomson's shareholders suddenly remembered Feng Yu, their former best partner. So, Thomson's Chairman called Feng Yu personally and asked Feng Yu to visit them and help them.
Feng Yu will not invest in Thomson. Thomson's company was a huge scam. If they wanted to turn the situation around, they would need at least 30 billion euros, and they were not 100% sure.
Also, the return on investment was too low, and it was not worth it. If Feng Yu invested the money in Wind & Rain Consulting, Taihua Consulting, or even Minsheng Bank, he could get higher returns.
There were even simpler investments, like buying back the shares of Baidu, Tencent, etc., and Feng Yu could also make high returns in two years.
Not only the share prices will rise, but there will also be dividends.
Feng Yu had come here to acquire some of Thomson's high-quality businesses. After all, Thomson was once the world's fourth-largest consumer electronics manufacturer, ahead of Philips, Wind and Rain Electronics, and is one of the world's top manufacturers in many industries.
Also, many of Thomson's distribution companies were worth a lot of money, and Feng Yu could acquire their distribution channels in Europe and North America.
Also, Thomson had many world-class R&D centers and factories around the world. They also had many joint ventures in Hua Xia.
Feng Yu was interested in all these, and he wanted to see if Thomson would ask for more. This time, Philips' Chairman, Greider Cocilay, was also going with Feng Yu. Philips is now the number one electronics brand in Europe, and its value had exceeded Locardia, Siemens, Ericsson, etc.
Philips is also Tai Hua Holdings' best partner in Europe. Many of the contracts between Philips and Tai Hua Holdings will last for another 20 years. This time, Philips was the one who suggested Thomson to look for Feng Yu. Philips could not take over Thomson's businesses by itself, and Philips wanted to work with Feng Yu to divide Thomson's businesses.
Of course, there is a limit to this division. Philips can swallow some of its debts for some high-quality assets, but it must also divest the non-performing assets. If not, it will be a hot potato if Philips bought all of them.
The plane landed in Paris, and Feng Yu had a feeling that this might be the best opportunity to expand the Wind and Rain brand!
… …
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
