Darkstone Code

Chapter 1459: Chapter 1457: I Can!

The lawyer from the Workers’ Union stood on the stage of the factory’s auditorium.

A bit of a tongue twister.

After some people from the factory actively contacted the union, they sent someone to explain the situation. This is also a responsibility the Workers’ Union needs to bear.

Although, from some perspectives, the Workers’ Union is indeed profiting from both sides, it still has to take on some responsibilities, and they have not evaded these responsibilities.

This is why some people still trust the Workers’ Union, even though they know it’s not completely on the side of the working class!

At least when you need help, and when your difficulties are not too troublesome for the Workers’ Union, they are willing to extend a helping hand, showing people their value!

They are indeed not part of the working class, but they can indeed solve problems for the workers.

"...The information we received from City Hall is that the factory will allow you to raise funds to buy the ownership for approximately 1.89 million, in other words, you need to gather 1.89 million."

"Yesterday you discussed different amounts of funds for different job positions, and we’ve had a meeting overnight to discuss this..."

This matter cannot be taken lightly, with the legacy of messes left by the Duncan Clan all over the country; the problem appearing here implies the same will happen elsewhere.

As the most reliable friends, partners, and trustworthy brothers of the working class!

The Workers’ Union is rightfully obligated to solve this problem for the workers!

"After our discussion, we came up with a relatively suitable allocation method..."

Everyone involuntarily squished forward, as this was directly related to their future work and life.

The plan proposed by the Workers’ Union was divided into two parts.

The first part concerns voluntary stock subscriptions, simply put, it involves those who believe the factory will profit in the future and are willing to buy more shares.

These people have the right to prioritize purchasing stocks, and there are no restrictions for them!

If someone can come up with 1.89 million to buy the entire factory at once, it would be better for everyone since the auction of this industry under the Security Committee Financial Security Office’s intervention has some new requirements.

That is, whoever buys these industries cannot actively dismiss employees for at least three years, and even after three years, employees can only be gradually dismissed with proper arrangements in place.

This new decree has left many financial wolves very dissatisfied with the Security Committee, as their original intention was to buy these industries at far below market price.

Then package and sell off the machines, the land, if it can be sold.

Then package and sell the profitable parts to the same industry together.

Finally, apply for bankruptcy along with the workers and debts, no matter the method; these wolves could always profit, quickly and abundantly.

However, the Security Committee’s restriction on dismissals made them immediately realize there was no profit to be found here.

Because the cost of workers in the Federation is extremely high, if they must retain these workers and pay them salaries, it means they can’t simply dismantle these industries and sell them off or apply for bankruptcy.

They must find a way to operate them, at least the workers in their hands need to earn a certain amount of profit to sustain themselves over the next three years!

This is not something those financial wolves in Bupen are good at; they are good at irresponsible financial games, not the production and operation of real industries.

This news came as a great relief to many, mainly the working class, and made many people gnash their teeth at the person who suggested this idea.

Yet they could do nothing against this person, as the idea came from Lynch!

This greatly protected the rights and interests of the worker groups, so if someone is really willing to buy the entire factory at once, it would save many troubles.

They must pay these workers, sustain them, so they will certainly manage it seriously.

After the people who voluntarily subscribed to shares got the amount of shares they desired, the remaining shares will be distributed as follows: leadership must hold 35% of the shares, management must hold 25%, cadres must hold 10%, and all workers must hold 30%...

An initial plan—if no issues arise during specific implementation, this might soon become a norm nationwide.

Old John, sitting below the stage, with a pencil and notebook, calculated a few erroneous equations with the head he hadn’t used for over twenty years, then he turned to the person next to him and asked, "How much do we have to pay then?"

Luckily, the guy beside him could at least calculate this bill clearly, based on two million, 60%, just 60,000.

The entire factory has at least a hundred employees, calculated like this, each person might only need four to five thousand!

This is much less than the ten thousand each had to pay yesterday!

However, for the leadership and management, their faces turned very unpleasant.

"This distribution method is obviously not scientific or reasonable!"

The manager was the first to stand up, he had a reason to be angry.

According to this distribution method, the leadership needs to subscribe to nearly 70,000 shares, but in total, there are just eight people in leadership.

Each person needs to pay for around 9,000 shares on average, 9,000 shares, this is not a small amount.

In this city, a house outside the city center costs around 100,000, this amount means half a house!

Even though each of them is a "manager," not all of them can afford this amount!

Besides, the management is also very dissatisfied, the production workshop supervisor who spoke yesterday also had doubts about the reasonability of this amount.

"According to your statement, for our workshops, warehouse, and logistics aspects, everyone needs to pay at least 20,000..."

Compared to the common worker’s four to five thousand, 20,000 indeed seems a lot.

The key is the management’s salary is not several times higher than the average employee’s salary, just a hundred or two hundred more at most.

The lower to mid-level cadres didn’t have much to say, each had to pay around 8,000, this was within their range—after yesterday, 8,000 wasn’t much.

The lawyer from the Workers’ Union listened to their continuous commentary until everyone quieted down, then he said, "We discussed this calculation all night, it seems very reasonable to us."

"Also, gentlemen, please don’t forget, perhaps someone will purchase more shares?"

"And the year-end dividends will also be distributed according to the number of shares you hold."

"Maybe now you indeed pay a bit more than others, but by the time dividends are issued, what you get will be much more than others!"

Perhaps this sentence played a crucial role, people’s agitated emotions began to cool, and the loud complaints turned into quiet exchanges.

Ultimately, under the efforts of the Workers’ Union, the workers of the factory accepted this decision.

Meanwhile, the Workers’ Union also helped everyone understand the approach of shareholder meetings a little.

Since there is currently a lack of funds for privatization, whoever is willing to pay can go up.

But not always can the same person hold certain positions, this is related to the shareholder meeting.

The Workers’ Union’s suggestion was to use the day of privatization as a starting point, hold a shareholder meeting once every year, vote according to the proportion of shares held, and finally decide who does what...

After the meeting was over, the production team leader gathered everyone together.

"The situation is much better than we thought, they said the management only need to subscribe to over 20,000 worth of shares, for us that’s not a problem at all!"

The team leader seemed a bit excited, "We can totally grab a position!"

He looked at everyone, "This money, I’ll cover it myself."

"Over 20,000, but I’m worried others might compete with me for this position, so I plan to first subscribe to some shares."

"This way, my chances when vying for workshop supervisor are greater, but I can’t come up with all this money..."

He had made his intentions quite clear, hoping everyone could pool some funds for him to subscribe to additional shares, serving as leverage to successfully win the workshop supervisor position.

Everyone actually was quite tempted at this point, soon someone agreed, eventually everyone decided to contribute, they were to raise 50,000.

50,000 for a single person is indeed not a small amount.

But when shared among the production group members, it wasn’t as intimidating.

Old John was not good with words, although he wanted to refuse, seeing everyone agree and join in, his initial thought of refusing vanished.

As long as the factory could start operations, it was good news, and his money also equaled purchasing shares, his own, and what was pooled for the leader.

By the end of the year, he could also get dividends!

He calculated, if based on last year’s profits, by year’s end he could roughly receive around 2,000 in dividends.

Together with this year’s salary, he could recoup all the expenses within the year!

Thinking of this, old John felt much more at ease.

In the evening, after returning home, he ate dinner and then sat on the sofa to watch TV.

His mood was quite good today, he specifically instructed his wife to bring out the formal suit he wore when he got married, as he had some errands to run the next day.

He didn’t tell his wife what he was planning to do; he was the head of the family, he could decide everything.

Besides, he didn’t want his family to worry about him.

Not a word was spoken throughout the night.

Early the next morning, old John put on the rather out-of-date, somewhat... a bit tight formal suit, and went to the bank’s loan office.

He also brought along items he could use as collateral, his property certificate.

He currently didn’t have enough money, but since this money could be earned back in a year, he needed to keep some money for emergencies, therefore, taking a loan was the best solution!

The gentleman handling the loans smiled as he poured old John a cup of coffee, then sat across from him, "You’re looking for a loan, right?"

"Yes!"

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