“Yes, build a new Dafeng factory,” Li Dakang smiled and nodded, turning to look at Sun Liancheng, “Sun District Chief, has the land for the new Dafeng factory been planned out?”
Sun Liancheng quickly responded, “Secretary Li, there is a toy factory in the development zone that went bankrupt due to poor management. We can buy it, the price is not high, they are asking for 13 million.”
“The price is acceptable, the key is to see if the factory building is suitable,” Li Dakang said thoughtfully, “Do you have any drawings or documents of the factory building?”
“I have them, I brought them with me, I was just preparing to report this to you.” Sun Liancheng said as he took out his briefcase and retrieved a stack of documents from inside.
Li Dakang took a look and was very satisfied, so he asked Sun Liancheng to pass it down to the employee representatives for review. Everyone was very satisfied, the structure and scale were all quite suitable.
“Great!” Zheng Xipo exclaimed, “Thank you Secretary Li, thank you District Chief Sun, thank you for finding us a new factory building for Dafeng factory.”
The employee representatives were also very excited, the development zone was not far from here, only a few kilometers away, if they could really build a new factory, they would not lose their jobs.
Chen Yanshi, who had just been snubbed by Li Dakang, was not happy. He poured cold water on everyone, “The factory building is good, 13 million is indeed not expensive, but where will we find 13 million? Can the city government and district government afford it?”
Zheng Xipo and the others’ excitement was immediately dampened. Chen Lao was right, just having a suitable factory building for sale was not enough, they also needed money to buy it, the city government and district government would definitely not pay for this.
If it was a few tens of thousands or a few hundred thousand, Dafeng factory had more than 1,300 employees, they could easily raise it, the problem was 13 million, it would be 10,000 yuan per person, many employees could not afford it or were unwilling to pay.
There are all kinds of people in the world, each person has their own little abacus, everyone is happy to split money, but no one is happy to contribute, there may not be many employees who are willing to pay to buy the factory building.
Li Dakang calmly said, “Old Chen, don’t worry about the funds for buying the factory building, I have discussed it with Gao, the CEO of Sanshui Group, they are willing to invest in rebuilding a new Dafeng factory.”
Zheng Xipo and the others were excited again, since Sanshui Group was willing to invest, money was no longer a problem, the new Dafeng factory would definitely be built, and everyone’s livelihood was now secured.
It still takes Secretary Li to step up, everyone resisted Sanshui Group’s forceful demolition for so long, Sanshui Group refused to budge, but Secretary Li stepped in, and Sanshui Group cowered.
Seeing the gratitude and admiration in everyone’s eyes towards Li Dakang, Chen Yanshi felt even worse, so he said, “Just having Sanshui Group invest in rebuilding the new Dafeng factory is enough? What about the economic compensation?”
“Old Chen, economic compensation will naturally be provided.” Li Dakang smiled and looked at Zheng Xipo, “Comerade Zheng Xipo, what is the average length of service for our Dafeng factory employees?”
Zheng Xipo quickly said, “Secretary Li, in order to negotiate the compensation with Sanshui Group, we just did a statistical analysis, the average length of service is about 7 years, specifically 6 years and 10 months.”
Li Dakang said, “Calculated at 5,000 yuan per year of service, it will be about 34,000 yuan per person, the total number of employees in the factory is 1,365, which is a little less than 46.64 million.”
If it was a buyout of service, 5,000 yuan compensation per year was a bit low, but the employees of Dafeng factory are not buying out their service, the labor relationship is still maintained, and they can still work at the new Dafeng factory.
Wang Wenge, one of the employee representatives, was overjoyed, his wrinkled face blossomed into a smile: “Secretary Li, is there an upper limit or a cap on service? I have 25 years of service.”
Li Dakang shook his head, “There is no upper limit or cap on service, this comrade, you have 25 years of service, you can receive 125,000 yuan in compensation.”
“Secretary Li, I support your service compensation plan.” Wang Wenge excitedly shouted, his wife also worked at Dafeng factory and had 22 years of service.
The couple could receive over 230,000 yuan in compensation, which was undoubtedly a windfall for Wang Wenge’s family, even if he was stupid, he would support it.
“I support Secretary Li’s plan too.” Zheng Xipo quickly said, he was not a saint, and he also had his own calculations, his service was over 30 years.
Other employee representatives with long service also expressed their support, and those with short service also expressed their support, this outcome was better than nothing.
Chen Yanshi felt even worse, he had been running around for Dafeng factory for so long, now everyone was getting benefits, but no one thanked him.
On the other hand, Li Dakang, using his power to subdue Sanshui Group, got some money out, and everyone was grateful to him, treating him as the savior of Dafeng factory.
The more Chen Yanshi thought about it, the more uncomfortable he felt, he poured another bucket of cold water, “Secretary Li, Sanshui Group is actually willing to bleed, is there a trick? Are they trying to deceive us to demolish Dafeng factory and not pay us?”
Chen Yanshi’s bucket of cold water made Zheng Xipo and the other employee representatives’ hearts hang again, Sanshui Group was not a good thing, it was indeed possible for them to play tricks.
Li Dakang chuckled, “Sanshui Group’s 60 million yuan has already arrived in the special account that I asked District Chief Sun to set up, in addition to the employee compensation, the rest will be used to buy the factory building and build the new Dafeng factory, and there will be a few hundred thousand left for the factory as working capital.”
Pausing for a moment, Li Dakang continued, “A few hundred thousand as working capital is a bit low, District Chief Sun, negotiate with the seller again, see if you can lower the price by one or two million, leave more working capital for the new Dafeng factory, Xipo, you go with District Chief Sun to negotiate with the seller.”
Zheng Xipo happily agreed, “Okay, Secretary Li, I will pick a few people who are good at talking to go with District Chief Sun to negotiate the price.”
This time, the employee representatives of Dafeng factory finally felt at ease, they were boiling over.
“Great, the money has arrived, Sanshui Group is not playing tricks.”
“They wouldn’t dare to play tricks with Secretary Li, even if they have guts.”
“It still takes Secretary Li, only Secretary Li can uphold justice for us employees of Dafeng factory.”
“Secretary Li is awesome, Long live Secretary Li!”
…
Li Dakang raised his hand, calming down the excitement of the employee representatives, “There is one more thing, how to distribute the equity of the new Dafeng factory, let’s discuss it.”
This was a very sensitive issue, it involved everyone’s personal interests, and all employee representatives were very cautious, no one dared to speak easily.
Chen Yanshi finally found an opportunity to regain his glory, he said, “The restructuring of Dafeng factory was overseen by me, it took both fairness and efficiency into consideration, I think it can be applied to the new Dafeng factory.”
Li Dakang immediately offered him a ladder, letting Chen Yanshi shine, “Old Chen, how do you think the equity of the new Dafeng factory should be distributed?”
Chen Yanshi confidently said, “Then I’ll share my opinion, if there’s anything inappropriate, you can raise your objections. The equity of the new Dafeng factory, the employees who originally held 40%, will inherit their original shares, the remaining 60% will be equally distributed among all employees who are willing to work at the new Dafeng factory.”
The 40% of shares held by the employee union in Dafeng factory was not shared by all employees, only those who already worked at Dafeng factory during the restructuring had shares, employees who joined later did not have shares.
Chen Yanshi took out his anger on Cai Chenggong for losing face earlier, if Cai Chenggong had not concealed the fact that Sanshui Group had given 35 million yuan in compensation, how could he say that Cai Chenggong was not a bad guy?
“I think Old Chen’s plan is pretty good.” Li Dakang set the tone, looking at the employee representatives present, “What do you think of Old Chen’s equity distribution plan?”
“I think it’s good too.” Zheng Xipo was the first to express his opinion.
Other employee representatives also expressed their agreement, to be fair, Chen Lao’s distribution plan was indeed fair.
The employees who originally owned 40% of the shares, their shares should be retained.
The remaining 60% of the shares were equally distributed among all employees who were willing to work at the new Dafeng factory, no problem with that either.
The only victim was Cai Chenggong, he originally owned 60% of the shares, and now he has nothing left.
No employee representative spoke up for Cai Chenggong, because it was about their own interests, everyone thought he deserved it.
If he hadn’t borrowed a bridge loan from Sanshui Group, there wouldn’t have been so many troubles later, not to mention he embezzled 35 million yuan in compensation!
“Since no one has any objections, let’s implement this plan then.” Li Dakang said, he was even less likely to speak up for Cai Chenggong.
Whether Cai Chenggong could accept this outcome, whether he would make a fuss after receiving the news, Li Dakang didn’t care.
What could Cai Chenggong do?
It was Chen Yanshi’s plan, and twenty employee representatives had unanimously agreed.
Cai Chenggong wanted to take back the shares that had already been distributed, he was daydreaming.
I don’t know who started it, but there was a burst of applause in the employee reading room.
Zheng Xipo and the other employee representatives were very satisfied with the outcome, and they clapped especially enthusiastically.
Li Dakang clapped his hands, and after the applause subsided, he said, “Comrades, I will have District Chief Sun distribute the compensation as soon as possible, and we need to quickly negotiate the price and relocate for the new factory, we must complete the demolition of the old factory within half a month, any problems?”
“No problem!” Zheng Xipo and the other employee representatives answered with a flurry of voices, their faces full of excitement and anticipation.
…