Qianlong Hongqi Textile Factory is a key state-owned enterprise directly under the province, with more than 20,000 employees. In the 1980s, it was also the best employment unit in Qianlong, and it could be said that everyone aspired to it.
Stable salary and good benefits!
In the 1980s, the textile factory was definitely Qianlong's signature product. The fabrics it produced were sold well throughout North China provinces, and it also produced national model workers.
But in the 1990s, there was one thing that all major state-owned enterprises could not avoid!
Triangle debt!
At this time, all major state-owned enterprises have this problem. On paper, they should be profitable, but there is actually not a penny in the account, only a large amount of accounts receivable.
Because of this problem, Hongqi Textile Factory was deeply mired in triangular debts and had to borrow money from banks many times. Now, such a large-scale textile factory is actually insolvent!
The bank coming to collect debts is as common as having a meal, it is a daily activity!
"Triangular debts are not easy to deal with!" Since Chen Fei wanted to participate in the city's investment promotion and get involved in state-owned enterprises, Chen Chen did nothing else in the afternoon. He pretended to check the Internet and tricked Chen Fei into finding information about the Red Flag Factory. Then he started a meeting to discuss it.
In fact, any information about the Hongqi Factory that can be found on the Internet at this time are all Chen Chen’s memories from his previous life!
The restructuring of the Hongqi Factory caused a lot of trouble. Three employees committed suicide by jumping off buildings, and there was also a scandal about a female employee sleeping with her boss.
Chen Chen may not remember the good news about Qianlong, but this kind of negative news is as impressive as the big melons in the entertainment industry!
In order to please the boss from Taiwan, the original factory management asked the female workers in the factory to warm the boss's bed. As a result, the promise was not fulfilled, and the girls committed suicide to prove their determination!
It’s all because of life!
"How difficult is it!" Chen Fei said, "Isn't it possible just because we have money?"
"Do you know how much money it would cost? That's a large factory with over 20,000 employees, and there are thousands more to support in retirement!" Chen Chen said speechlessly, "They even have their own kindergarten and hospital... It's an industrial city, a city within a city."
This is also the characteristic of state-owned enterprises at that time. A super-large state-owned enterprise is a new urban area.
The factory manages its employees from birth to death, and the tradition of father-son inheritance is retained within the enterprise. The factory director is also a state cadre, at the same level as the district head. It is better to say that he is an official than an enterprise operator.
Chen Chen was unwilling to deal with such people. Chen Fei was just an ordinary boss, and those people might not value Chen Fei.
The former superiors suddenly have to obey the management of private enterprises, which is a huge conflict of concepts!
It can’t be solved with money!
Such a large factory, once the representative enterprise of Qianlong City, has reached the point where its assets are not enough to cover its debts. Chen Chen said that he could tell with his little dick that internal power corruption is inevitable!
In fact, during the restructuring of the Hongqi Factory, not just a few cases were triggered, but a series of cases!
Of course, this factory has huge potential. If it can be carried out, the rewards will definitely be huge. The old factory area alone has an area of thousands of acres in the city center, which is enough to build many residential communities.
"As for the money, let me put it this way: we need at least 1 billion!" Chen Chen said, "Just negotiating with the government could take half a year. This kind of enterprise restructuring isn't something the city can decide on; it requires provincial approval. You have to deal with both the city government and the State-owned Assets Supervision and Administration Commission. Plus, we're likely to suffer significant losses!"
Fade Chen asked, "What's the loss?"
"Land!" Chen Chen said. "Although housing prices aren't high now, everyone knows building houses makes money. There are plans for two subway stations right here in the old Hongqi factory area. How could the city government not see that? What if they're unwilling to give up the land? What if we have to move the factory? Land swaps could cost us dearly. I'm not optimistic about it. On the one hand, the investment is too much. With that money, our brand could be spread all over the country."
Why would I bother wrangling with the city government over that little piece of land? Wouldn't it be better for me to invest the money nationwide?
[First open brand stores, then develop franchise chains. Sooner or later, the red flag will be all over the world. If there is a lack of processing factories, why not acquire small private factories?]
Fade Chen thought for a moment and said, "You said that. I'll ask someone later and find out more about the situation at the Red Flag Factory!"
Fade Chen thought for a moment and said, "Besides expanding our business, there's another reason why I want to participate in this restructuring!"
"What's the reason?"
"Your grandmother worked in this factory her entire life. She worked for the Hongqi factory. Don't you think the Hongqi brand is very good? You can't get a trademark like this from the Industrial and Commercial Bureau now."
Chen Chen was stunned.
What's good? It's simply red and high-end, okay? Going to the Industry and Commerce Bureau and trying to get the "Red Flag" designation is a dream, and it's even more impossible in the future. This... is exclusive, a product of the last century.
[My dad seems to be very knowledgeable. That Taiwan businessman in my past life didn't understand and even gave up on the Hongqi trademark out of disdain! Of course he despised it, but I'm different. Hongqi, what kind of class is that...]
Chen Chen was a little excited. Chen Fei's words made Chen Chen change his mind!
If you say so, then you can definitely do it!
This brand is so specialized and popular that it can even be linked with the country’s most high-end domestically produced cars.
Thinking of this, Chen Chen was stunned again.
[It seems like the Hongqi brand isn't doing well right now. Should I invest in it? This... forget it, it's too high-end... I don't have enough resources right now, so I'd better focus on the clothing business first.]
Hailv Home, a subsidiary of Hailv Group, focuses on the mid-to-low-end market, and Hongqi will naturally focus on the high-end market!
This is necessary and destined by heaven!
Chen Chen, who was originally very opposed to Chen Fei's participation in the state-owned enterprise reform, suddenly felt that he had to participate!
You have to participate!
Even if God doesn’t allow it, it won’t work!
Damn it!
What does it feel like to have a red flag at home? It makes you feel happy and excited!
Chen Chen was immediately excited and clapped his hands, saying, "We must participate in the restructuring. Dad, go talk to Guan Guan... Mayor Guan. Let's have a good talk. I'll come up with a restructuring plan at home. We must satisfy the higher-ups and our fellow workers!"
Now that he has decided to participate, Chen Chen will never allow the tragedy that happened before to happen again. Let the merchants from Taiwan die!
Hailu Group wants this Hongqi Textile Factory!
Chen Fei immediately went to inquire about the news. Chen Chen felt a little stressed sitting alone in the office!
After taking over the Hongqi Factory, Hailu Group has become a real group with more than 20,000 employees. It is impossible for it to keep a low profile.
"Fatty, Fatty..." Chen Chen shouted hurriedly.
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