Chapter 1679: Fute is also here (1/5)

The wind and rain holding group does not want an employee. This condition has never been thought of before using it. Malfoy had prepared a lot of negotiating matters before, and all of them were disrupted.
Back to the company, Malfoy reported the matter to the board of directors. Ralph’s attitude was tough, and this did not agree, and the other talks were not discussed.
The most troublesome thing to do now is the salary of these people. In 1998, the same employees came to a big stop ~ work, 70,000 people joined together, and the entire Detroit was seriously affected.
This time, the work of the same car also lost more than $2.2 billion. In the end, the management team who used the same choice chose to compromise and re-signed a new labor agreement with the employees to increase the average salary of their employees.
The average hourly wage for a car company such as Madian is about $25 in Mizhou, and it costs more than $70. The automobile itself has relatively high requirements on labor, capital and technology. Under this circumstance, the production cost of the same use is much higher.
Moreover, the number of employees with the same use is less than 150,000, but the number of retirees exceeds 300,000, and the number of people who have to pay for medical insurance and other expenses counts as family members, more than one million!
Every year, the cost of medical insurance is too much, so that the funds used for the same use are stretched, not to mention that other welfare benefits cannot be reduced.
I have thought about reducing labor costs and moving the factory to Brazil, Mexico, and preferably Asia. But immediately the workers came to a big stop ~ work, so they had to dispel the idea.
There is another point in the same car. Feng Yu feels very funny when he first looks at the information. That is, the children of the same employees can give priority to the work of the same car. This seems to be the same as the state-owned enterprise succession system in China.
Huaxia has abolished this system because it will greatly reduce the competitiveness of enterprises and increase the cost of enterprises. There will be more and more retirees, which will greatly increase the burden on the company.
Basically, using one car per line will cost about $4,000 for medical, pension and union expenses. This high cost, Feng Yu is absolutely unwilling to bear.
Even Feng Yu can assert that no car company is willing to bear this cost. The profit of a car is just too high, which is more than double that of other car companies.
Think about the elves of the Bingcheng Machinery Manufacturing Group. The cheap price is less than 3,000 US dollars. Is it the price, how much profit can it have?
Is it not a profit to produce a car for a dime, but also to spend one or two thousand dollars, just to enter the rice market? It is not expansion, but death.
In fact, the same dilemma is now used, and Feng Yu also has a certain relationship. First of all, they are in the joint venture car factory of Modu, which has less shares than the previous ones, but they have invested a lot.
Secondly, the same-use car has always been a large-displacement, strong-powered car. When the rice attacked China's polluted environment, Feng Yu made a counterattack on the rice side.
It is pointed out that the country with a population of 5 percent of the world has 30% of the world's cars, of which carbon dioxide and other emissions account for 45 percent of the world's emissions, while GM is It occupies nearly a third of this.
The country’s political axe also responded by proposing to drive small-displacement cars, which made GM’s car, which focused on large-displacement cars, caught.
In fact, after the oil price rose again last year, the world has entered the era of high oil prices. The average family is more inclined to small, energy-efficient cars. The traditional large-displacement American cars are gradually losing market, not just using the same car. The same is true for the Fu Te car.
Instead, during this time, the sales of madfields and stupid islands in the island countries have risen steadily, because they are mainly promoting high-efficiency small cars in North America, which is also the most prominent place for island cars.
Feng Yu remembers that after the previous visit to the Oba, the country passed a number of bills, determined an energy-saving emission reduction standard, and raised the standard year by year, forcing the vehicle's displacement to decrease.
In fact, now Ouba has already announced the election of the general election, and Feng Yu also let Ralph to do some support. If you do this now, it is a snow in the snow.
The same use falls into the present situation, and has an inseparable relationship with the political axe strategy of the country. The high wages and welfare benefits of the workers in the country are extremely high, which has an unshirkable responsibility with the political axe. And it won't take long for us to welcome one of the things that the Chinese people like to see, that is, Detroit, the automobile city of the country, went bankrupt!
The city went bankrupt, which was a new term at the time. When the country’s political axe declared bankruptcy, the Chinese were not so surprised.
Feng Yu has long predicted this with the multi-brand business strategy of the same car. This will make the same-use brand have no focus and cannot be effectively united. Ultimately, the core brand is also weakened.
What's more, the same car used to want to do the plane, the acquisition of what aircraft company, aircraft company, etc., which caused the company's core business to shift.
Do you know that multi-brand associations are not used together? Of course they knew and made an attempt, but this attempt was very ridiculous in Feng Yu’s opinion.
With the use of its own parts companies, engine companies, etc., the same car for the so-called joint and cost reduction, they let multi-brand products use the same production platform and spare parts, high-end cars and low-end cars are the same spare parts.
This has caused high-end cars not to be high-end, which has made consumers very disappointed, and it has also hurt the five major brand strategies that were originally used.
In Feng Yu's eyes, it is a matter of time before the car is bankrupt, even if there is no subprime mortgage crisis, it will also make the same car complete.
They have less than $150 billion in assets and have already carried more than $150 billion in debt. The debt ratio is too high. Interest is just an astronomical figure, not to mention rising employee salaries, pensions, medical insurance. Kim and so on.
During this time, Furter has already made some countermeasures, such as layoffs, starting with executives, and stopping the car's credit business, because too many people are still not on the car loan.
Like the same use, Fute also has a financial credit company, but they only do auto credit, and they are not involved in real estate credit, which makes them more resistant to risks in the subprime crisis.
And Fu Te also owns the world's largest car rental company, which means that those who are not able to borrow the loan are recovered, and can continue to create profits for the company in the leasing company, indirectly reducing the loss of Fu Te.
The three major auto companies in the country, Tongtong, Fu Te and Kelesle (Daimler-Kolesle), are in trouble at this time. Feng Yu has a certain interest in their brands.
Malfoy also suspends negotiations with the wind and rain control at the request of the board of directors, but heard that Furtech went to the wind and rain holding group.
This news made the same directors horrified!
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