For European and American companies, trade unions are a very special existence, and when it comes to the acquisition, sale or layoff of companies, trade unions are even more special.

In Europe and the United States, the power of trade unions is very strong, and because of the blessing and protection of trade unions, workers' wages, benefits and working environment have been rising rapidly and steadily, and finally to the extent that European and American companies are extremely troublesome.

In 1936-1937, after the United Auto Workers of America won the "sole representation" in negotiations for workers' rights with General Motors and Ford and other automobile companies through a series of strikes, Detroit's major auto companies were forced to contribute generously and provide generous welfare benefits on the premise of continuously raising workers' wages, and the cost burden of the "Big Three" continued to increase.

So far, GM and Ford workers have earned $70-78 per hour, nearly $30 more than the labor costs of Toyota and Honda at their U.S. plants.

In addition, auto companies such as General Motors are burdened with a heavy burden of pensions and medical benefits, which are paid to employees, retired employees and their families, while Toyota and Honda have a much smaller burden, thus increasing the cost of GM and other vehicles by a relative $1,000 per vehicle.

In this way, burdened with much heavier human resource costs than Honda and Toyota, the market share of the three major American automobile companies has declined rapidly, with General Motors' share of the U.S. market falling from more than 50% to about 20%, while Toyota's and Honda's market shares have climbed to 19% and 11% respectively.

So when Murali said they agreed to some promises in order to gain the support of the Jaguar Land Rover union, Jiang Hui believed it.

It is also thanks to Ford Motor that it communicated with Jaguar Land Rover's labor union in advance, otherwise even if Jiang Hui and Murali reached an agreement today, it is estimated that it will take at least three or five months for Guanghui Automobile to really realize the acquisition.

"Yes, I agreed," Jiang Hui said with a smile.

For Jiang Hui, the acquisition of Jaguar Land Rover must continue to invest in the research and development of new models, especially SUV models, which will be the most popular in the Celestial Empire in the future.

Since there is no such constraint, the Korn Ferry Group will also invest, so it is better to use this investment as a negotiating condition and make use of it.

"Jiang, invest no less than $500 million in R&D in three years, and if you don't do what you promise, the union will go on strike," Murali reminded.

At present, Jaguar Land Rover is in a state of loss, according to Ford's calculations, it will be difficult to turn a profit in the next three years (however, it turns out that they were wrong), in this case, Guanghui Automobile not only needs to bear an additional annual loss of hundreds of millions or even billions of dollars, but also invest additional funds to develop new models, which is unacceptable to ordinary companies in Murali's view.

"I know that I can write this into the acquisition agreement, but I know that your union is very powerful, and I won't joke about this kind of thing," Jiang Hui said.

"You know, our union is very different from the union of the Celestial Empire," Murali said.

It is well known that in the early capitalist world, the life of the workers was not as good as it is now.

At that time, there were no trade unions, and the workers became a vulnerable group to be exploited and exploited by the capitalists, and the happiness of the capitalists was based on the suffering of the workers.

At this time, Marxism was born, and the theories of Capital and Scientific Socialism inspired Western workers to form their own trade unions, and thus officially embarked on the road of fighting for their own destiny. Through a long struggle of blood and fire, Western governments were forced to recognize the legitimacy of trade unions, and the rights and interests of the working class were rapidly promoted under the leadership of trade union organizations.

The Celestial Empire, on the other hand, was founded by trade unions organizing workers' strikes and peasant uprisings, not only abolished the peasant unions, but also placed the trade unions under the direct leadership of the government.

As a result, our trade unions have become official representatives, and they have become more and more distant from the workers.

After the reform and opening up and the market economy, the social status and wages of the workers gradually fell to the lowest level of society, thus allowing the workers of the Celestial Empire to re-experience the tragic experience of early capitalism.

As an institution, the Celestial Empire's trade unions still exist.

But it is no longer the union it once was, because the leading members of the union are no longer elected by the workers, and the union leaders no longer receive their income from the workers' dues.

Obviously, whoever makes them officials and pays them salaries, they will naturally listen to whomever they want.

When their status and income have nothing to do with the workers, their role and function change from serving the workers to assisting the enterprise in managing the workers.

In this way, when workers' wages are staggered to increase like snails, trade unions will not come forward for workers; when workers' welfare benefits are poor, trade unions will not stand up for workers when their legitimate rights and interests are harmed; and when workers are forced to sign labor contracts that seriously violate the spirit of the labor law, trade unions have long since disappeared.

In Jiang Hui's view, there are trade unions in the Celestial Empire, but there are no trade unions!

Even the Guanghui Group itself is the same, the so-called trade union is nothing more than to assist in the distribution of fruits or something during the New Year's holidays, and then help organize it during the party

The rest, nothing else!

In terms of the trade union system, the Celestial Empire and Europe and the United States have gone to two extremes.

The trade unions in Europe and the United States are too strong, but on the contrary, the enterprises are strongly suppressed everywhere, thus seriously weakening the competitiveness of the enterprises; the trade unions of the Celestial Empire have become the management bodies of the enterprises, and they have gone to the opposite side of the workers, so the workers of the Celestial Empire will be reduced to the situation of being bullied and slaughtered by others.

In the long run, neither of them is suitable, of course, existence is reasonable, and Jiang Hui has no way to change too much.

"I've heard that the trade unions in the automotive industry, especially in Europe and the United States, are notoriously strong, but I bought Jaguar Land Rover to bring this glorious company back to glory, and I believe that my starting point is the same as that of their union, so I don't worry," Jiang Hui said.

"Well, let's take a break, let the legal department prepare the agreement, and sign a letter of intent today," Murali said.

Although Guanghui Automobile and Ford Motor have been in contact and communication for more than a year in the early stage, and the acquisition of Jaguar Land Rover has been negotiated many times, but when it is really time to acquire, there is still no way to sign it immediately, at least it has to be prepared for a day or two.

However, it has been tossed for more than a year, and Jiang Hui is not bad for a few days.

Although it is hard to find thousands of waters, the yellow sand is blown away and the gold is reached.

There will be times when the wind and waves will be long, and the clouds will sail into the sea.

(End of chapter)