Chapter 736： Targeted strike

As the largest hemp spinning center in France, Lyon, which has always been known as the "European Silk Center", has now developed into a metropolis second only to Paris.

At this moment, this dazzling pearl is no longer glorious. Affected by British and Austrian dumping, the French business community ushered in the most brutal challenge.

Most companies have announced layoffs and reduced production, and the number of job seekers on the street is increasing, and few new jobs have been created.

Almost every hiring comes with a commotion. Even if only three or five people are recruited, dozens of people will sign up.

It can be said that this is the easiest time for French companies to recruit people, and you can choose the best employees.

The companies that can recruit people against the market are the most powerful. The crisis for ordinary enterprises is a rare opportunity for these giants.

Lyon Moore Textile Group is one of the most dazzling ones, with more than 170 factories, large and small, with more than 130,000 employees.

The industrial chain covers the upstream and downstream of the textile industry, including cotton spinning mills, hemp spinning mills, wool spinning mills, silk mills, printing and dyeing mills, garment factories ... and even their own raw material plantations.

In addition to the complete industrial chain, Moore Textile Group also has the most advanced textile technology in the contemporary era, with more than 200 various patents.

Such a giant, even if it is hit, has the strongest ability to resist risks.

Other companies have lost money, and Moore Textile Group is still profitable. Although this profit is already minimal, this is an important difference.

In the eyes of the outside world, this big group with unlimited scenery is not living well now.

Profitable companies will also be short of money, the outbreak of stock disasters, foreign capital is hitting the financial market, and the run on the market is intensifying.

In order to deal with the crisis, domestic banks have shrunk their money, making corporate financing extremely difficult.

Moore Textile Group Office Building

President Moore Saldas looked at the latest financial statements and sighed deeply: "When will the bank loan come down?"

Moore Textile Group is also supported by the consortium, but this native Lyon local consortium has rooted itself in the industry, and the gang of Parisian financiers has less than a gourd.

This local consortium was an unexpected product of the support of Napoleon III. If there is no accident, with the support of the French government, this local consortium based on industry will gradually develop into a world-class consortium in the coming years.

The secretary returned to Hank and replied, "Mr. Moore, the situation has changed. A competitor has taken the shot. Recently, Aon Bank has been severely run.

The bank is raising funds for self-insurance, and we have passed through the consortium relationship. The bank stated that as long as it runs through the run-up crisis, it will distribute funds in the shortest time. "

Hearing this news, Moore Saldas's head hurt even more. Domestic banks have tightened their money. Unless it is very closely related, it is impossible to lend.

In the same consortium, Moore Textile Group and Lyon Bank are the pillars of the consortium. The shareholders behind the scenes are cross-shareholdings and have formed a community of interests.

Prior to this, Moore Textile Group's loans were able to get the best discounts every time, and never got stuck by the bank.

Now being rejected, it is clear that the bank has really encountered a crisis and can no longer afford to consider their ally.

Since Lyon Bank's competitors have already shot, it will certainly not be targeted, which means that the bank can no longer count on in a short time.

The stock market disaster is still looting, and it is simply not realistic to raise funds from the stock market. Bank loans will not be available for a short period of time, and the financing channels left to enterprises will be left to issue bonds.

After pondering for a while, Moore Saldas decisively gave up this unrealistic illusion, and in the current economic situation, issuing bonds is a shame.

"Notice that the construction of all new factories will be suspended and the plan for the African Large Plantation will be suspended. Let the various departments take a careful inventory. If it is not an emergency project, please stop me first."

In recent years, Moore Textile Group has expanded very fast. The profits of the company have been slammed on expansion, and they have carried huge debts.

At present, the economic situation is not good, and the capital chain has problems. In order to save group expenses, Moore-Saldas terminated the group's expansion plan.

Secretary Hank reminded: "Mr. Moore, these plans will be approved by colleagues, and have been announced to the public, if I cancel now, I am afraid ..."

Moore Saldas waved his hand: "This is a special time, and I will explain to you the sensible.

I would like to inform you that I will hold a meeting of the governing board in three days.

By the way, I will meet the mayor, and now we need the help of the government. "

As a large group, there are more than 100,000 people following the meal, which will have a serious impact on the surrounding economy. If Moore Textile Group is finished, the economy of Lyon will not escape the collapse.

Before Moore Saldas' self-rescue operation began, Keith Anderson, the head of the Ministry of Commerce, came in.

"President, the big deal is bad. Just now we received news that the group's multiple international orders were rejected by buyers.

We may have been targeted, and the Ministry of Commerce has sent someone to communicate with them. It is estimated that the hope is slim. The goods are still stacked on the ship and cannot be unloaded.

The Ministry of Commerce has notified that it will suspend orders sent overseas, and wait for further verification before making plans.

However, it is still one step behind, and seven more ships have already left port. "

This is the worst news Moore Saldas has ever heard, and absolutely nothing.

Occasionally an order defaults. Moore Group has also encountered it. Anyway, after receiving the deposit, it can also be sold at a low price to other people.

This sudden multiple orders default at the same time, the situation is different, obviously someone is specifically targeting.

It's nothing more than ordinary times. Moore Textile Group has a big career and a little trouble.

It's different now, it is quite difficult to find a new buyer at the time of the most intense market competition.

For a bad one, all these products are in their own hands. Moore Textile Group, which has no cash flow, has a large backlog of goods, and the company is in danger.

Moore-Saldas forced himself to calm down: "How much is the value of the default order, and how much money would we lose if all these goods were thrown into our hands?"

Keith Anderson answered with a sad face: "The contract value of the default order is as high as 120 million francs. If no buyer can be found behind these products, our book will lose up to 105 million francs.

If we only calculated the cost, our direct economic loss would also exceed 75 million francs.

This is just the beginning. Whether the subsequent orders can be fulfilled normally or not can not be determined now.

If all international orders are breached, the ultimate loss may reach 100 million francs. "

Moore-Saldas' face suddenly gloomy, not to mention that at this moment of crisis, even the ordinary loss of 100 million francs will make Moore Textile Group hurt.

In retrospect, the group's internationalization process, Moore-Saldas finally found something wrong, the past one or two has been too smooth.

He originally thought it was a bonus brought by the Russian-Prussian war, but now he realizes that this is a pit that competitors have dug for them.

The default parties are the group's major customers, and the two parties have cooperated more than once, except that the previous orders were very small.

Suddenly this year it increased suddenly. Originally Moore-Saldas also doubted whether there was a problem, but it was too tempting to hold orders.

They know the basic situation of customers, and they are very strong in the local area.

Although the amount is a little bit larger, others can pay the deposit quickly, and the economic situation was good at the beginning of the year, and the contract was signed without any problems.

Moore Saldas said slowly: "Find a home for this shipment as soon as possible!

The group's capital chain is already very tight, and a financial crisis has erupted in China. We must raise more cash in case of an accident.

Don't pursue profit, as long as it can be sold, even if the price is cut, we also recognize it. "

This is a dead horse as a living horse doctor. Moore Textile Group is well-known in France, and it is an out-and-out newcomer in the world.

Even if they are developing very fast and relying on the influence of France, they have grabbed a lot of markets from the British, the foundation is not enough.

This breach of contract is the truest portrayal. If the foundation is consolidated and there are multiple distributors in one region, this passive situation will not occur.

Since the enemy has shot, naturally they will think about the problem of finding their next home. If you want to sell the goods in a short period of time, it may be easier to ship them home.

Of course, this can only be thought about. I will not talk about the increased freight. It is not a shame to pull back the exported goods again. Anyhow, the capitalist has a thick face.

The point is that the French market has also been hit by dumping of British textile products.

The products of Moore Textile Group can only maintain a small profit. If more products are put on the market, they will start to lose money.

If a small loss can be used to sell the slow-moving goods, the capitalists would have done it.

These years, no one is backed up with a few warehouse goods, they are embarrassed to say that they are entrepreneurs.

The trouble is that the sales price of the goods has gone down, but the sales have not risen. That is to make matters worse, it really kills people.

This is not a joke, but it really happened. All the industrial and commercial products are being cut in price, and the products under the Moore Group are also being promoted in line with the current price, but the total sales have not increased.

...

It is not only Moore Textile Group that is affected. Compared to the light industry, the French heavy industry is full of dead bodies.

Since entering the second half of the year, the export price of the international coal market has risen for five consecutive years, with a total increase of 26.4%, especially the price of coke, which has increased by a third.

The sharp rise in the price of raw materials has put the French steel industry in a difficult position.

Before everyone can take it easy, we are welcoming a big steel price reduction.

The British and Austrian countries kept moving simultaneously. The prices of raw steel and pig iron in the international market fell by 15.4% and 18.6% respectively. The influx of cheap steel directly brought the French heavy industry collective into the era of negative interest rates.

The problem now facing French heavy industry is: production equals a loss, and the more production, the more losses; the non-production also requires a loss. The difference between the two is just how much loss.

...

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