Chapter 56: The Crossroads of Fate

"In early trading today, the share price of construction giant Toshima Construction, which had just resumed trading on the Tokyo Stock Exchange, plummeted, evaporating hundreds of billions of yen in a single day, and market analysts claimed that the stock plunge may be just the beginning of Toshima Construction's previous heavy losses on the Najd high-speed rail project......

"In view of the huge losses of Toshima Construction in the Najd high-speed rail project, the three major international rating agencies have downgraded the preferred unsecured bonds of Toshima Construction to junk level, affected by the above news, today Toshima Construction bonds plummeted again, which means that Toshima Construction, which has fallen into a debt crisis, has basically lost the possibility of financing through the issuance of bonds......

……

"Is there a 20% layoff in the overall workforce?"

"Hey, River Plate Fund has made layoffs a prerequisite for investing in us, and I think this matter is really important, so I would like to consult everyone's opinions on the board meeting!"

"That's a matter of the livelihood of 20,000 employees, and if you announce it rashly, it will definitely cause an uproar!"

"There's no way around it, but with the current situation of Toshima Construction, I think the members will also understand the company's difficulties!"

"That is, if there is a powerful consortium willing to stand behind us at this time, Toshima Construction will have a chance to avoid bankruptcy. ”

"But, they're vulture funds, are they really willing to put a lot of valuable money into a hard-earned industry like ours, how could those guys be so kind......

……

I heard the board members in the meeting talking about the acquisition plan of River Plate Fund. Hosokawa Kiyofumi sat there with a sinking face, never saying a word. On the one hand, if he rejects the acquisition plan of the River Plate Fund, Toshima Construction may fall into bankruptcy, after all, at this time, the only consortium willing to invest real money in Toshima Construction is the River Plate Fund. On the other hand, once the River Plate Fund's investment plan is accepted, Toshima Construction will have to lay off 20% of its current employees, which means that more than 20,000 employees who have worked hard for the company will be ruthlessly swept away. According to Hosokawa Kiyofumi's understanding of the Vulture Fund, most of the members who will be laid off will be those middle-aged cadres who are honest and middle-aged, and who are more or less responsible for the livelihood of the family. If this happens, it may not only affect the more than 20,000 employees, but also their families and parents.

……

"President, what do you think about this?"

Just as Hosokawa was weighing the pros and cons of these two options repeatedly in his heart, someone in the venue suddenly asked him for his opinion. President Hosokawa woke up from his thoughts, and then said to everyone with some hesitation:

"I'm sorry about this, but I'm thinking about it again!"

"I'm sorry, but can I say a few words? President, the safety of Toshima Construction is now at your discretion. If the interruption continues, Toshima Construction may miss the last chance to survive. ”

"That can't let our members bear the consequences, the Najd high-speed rail project was a collective decision of these people here. Now that something like this has happened, you have to let those hard-working employees take on this responsibility, will you feel too good to do this?"

"So what to do, if it goes on like this, Toshima Construction will have to go bankrupt, and there will be more than 20,000 employees who need to be laid off, and more than half of them will lose their jobs!"

"The River Plate Fund is a well-known vulture fund, how could they be so kind to save a company like ours that could go bankrupt at any time, I think agreeing to their plan is completely luring the wolf into the house. I wonder if these people will chew all the bones of Toshima Construction and swallow them in their stomachs!"

"Okay, let's calm down and listen to what the president has to say!"

……

The various members of the board of directors are arguing over the investment plans of River Plate Fund. Kiyofumi Hosokawa couldn't help but feel a pang of irritability. In fact, it is precisely because of the notoriety of the River Plate Fund that Hosokawa Kiyofumi is very wary of the investment plan proposed by the other party. If it weren't for the complete blockade of the road to bank financing, Hosokawa Kiyofumi would not have been willing to deal with the people of the vulture fund anyway. But if they really accept each other's terms, what will happen to those who have lost their jobs, and how will their families be able to live?

Seeing that everyone present was looking at him, Hosokawa couldn't help but feel a little embarrassed. He stood up, walked to the window with some hesitation, and then looked out at the bustling scene. I couldn't help but say with some emotion in my heart:

"Why are the construction workers who created this bustling city unable to keep their jobs in the end, and what are they going to do to support themselves if these construction workers, who have neither a beautiful diploma nor other skills, lose their jobs?"

……

"It's kind of unfair to do that, isn't it?"

"Huh?"

"What did you just say, President?"

A slightly older general manager asked Hosokawa with some puzzlement.

"I guess it's a little unfair to do that! after all...... We were the ones who made the decision in the first place, and now we have to let the hard-working members bear our faults...... Do you really think it's okay?"

"But ......"

"Ladies and gentlemen, I think Toshima Construction was in charge of building the temple in the beginning, but even now the temple construction department is still maintained within the company, and if you count the history before the establishment of the company, Toshima Construction is more than just a company that has been open for 200 years."

"A company that was originally responsible for building temples has miraculously survived to the present day, where it is possible to build not only towering skyscrapers, but also factories and factories with complex requirements. Not to mention the rail transit projects that we love and hate. All of this was created by our hard-working members with our own hands, not by those of us who sat in the office and discussed whether or not to take away their work. ”

"In fact, just now, I suddenly understood a truth. If we fire the people who built the skyscrapers, the factories, and the roads with their industrious hands, what would be left of this company? I hope all of you here will think about it!"

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