Chapter 920: The True Purpose of the Merger

"Whether this is true or not, if these things are exposed...... The consequences are unimaginable. ”

"It can't be true, right?"

"But the above data are all marked with detailed sources, I think most of them can't be lies, I'm afraid this thing is true."

"Isn't that scary?"

"Is this the real situation with Gallic Airlines, so we were not bought for the sake of a strong alliance, but just to find an opportunity to save ourselves......"

"The key problem is that it's okay if they succeed in saving themselves, but if they don't, they will be unlucky, and we will have to be dragged into the water!"

“……”

Ten minutes later.

The entire conference room, from quiet to audible pin dropping, began to enter a state of whispering, and many shareholders began to talk to each other.

In fact, the information that goes to everyone's hands.

Not too much.

Naturally, everyone has actually read the information over and over again, and the reason why no one really makes a loud noise is because everyone is shocked by these things in front of them.

This document contains a variety of problems hidden under the magnificent annual report of Gallic Airlines.

First and foremost are fiscal pressures.

However, as might be expected, the pressure was mainly due to equipment and machinery, and the financial pressure in Gaul was mainly due to the large number of employees who had signed contracts.

With more than 10,000 employees, Gallic Airlines is a behemoth every month in terms of salary alone.

After all.

The per capita wage in Gaul is not low, and it can even be said that the biggest cost is the cost of manpower.

Besides.

It's the ones that were updated a few years ago.

At that time, although the pressure on Gallic Airlines was also huge, after all, it was a big business, and it was able to tide over the difficulties with its profits.

Coupled with the fact that the old equipment can also be dismantled and refurbished and recycled, there is definitely pressure.

But as long as you get through the difficulties, you will be able to live a very comfortable life in the future.

But herein lies the problem.

The Pentagon attack was a blow to all companies in the entire aviation sector, after all, in addition to the social impact it caused, the biggest impact was on the people who were sitting on the plane at the time.

No one wants their plane to be hijacked and cause terror.

The aviation industry is cold.

It's a huge storm for the industry as a whole, not to mention a company like Gallic Airlines that hopes to rely on normal operations to recover.

In fact, most companies that encounter this situation normally choose to reduce company expenses by laying off employees, which is common all over the world.

Amiliken's side is the best at it.

The same is true for Helan Royal Airlines, their previous boilous layoff plan even caused many people to protest, but fortunately, although Royal Airlines is having a hard time, the employees can still afford the layoff subsidy.

But Gallic Air is different.

What is Gaul?

It was a revolutionary zone, and if the whole world asked where the strike was the most professional, it must be Gaul, and the welfare of the workers they were proud of was definitely desirable to the whole world.

Even if it is a layoff, the compensation is more than others.

Originally, this was a good thing for Gauls to be able to hold their heads high in front of workers all over the world, but it became the biggest problem for Gallic Airlines.

They.

Don't dare to lay off employees.

Not only is it afraid of getting involved in all kinds of troubles, but also because once they lay off employees, they simply have no way to pay the sky-high compensation to their employees.

This is an astronomical amount.

Maybe it's a little better in the past, but it's at a critical time when Gallic Airlines has just made a big move and is seriously underfunded to continue to wait for a resurgence.

That was the straw that broke the camel's back.

In this way, Gallic aviation began to fall continuously towards the abyss, powerless to resist.

Downsizing.

They can't afford to cut it.

Keep evolving.

It also can't be developed.

Because the problem itself has not been solved, just the salary of personnel is a huge astronomical amount, which can only continue to snowball.

Gallic Air didn't think of anything else.

Such as financial allocation, seeking investment, and even choosing a mortgage in desperation.

But these approaches.

After all, it is only a symptom but not a cure, and even the results are not ideal.

And so on.

Gallic aviation may even be able to explode at some point.

Actually, it's not impossible.

As long as Gallic Airlines can return to its old days and improve its profitability, these problems will be solved.

But alas.

In today's environment, all airlines are transforming, because there is no way to change the status quo of the industry, and naturally there is no way to improve profitability.

The problem facing Gallic Aviation at the moment is that they have no way back but to forge ahead.

Partially.

If they continue like this, it will be a dead end, and they can only tear down the east wall and make up the west wall, and continue to borrow.

But the stakes are high.

Under the accumulation of debt, Gallic Airlines will eventually hold on to the time when it will fade away.

And this kind of time.

He thought of a solution that wasn't the way, or rather, found a whole new direction.

Acquisition!

Transfer!

"Gallic Airlines wants to buy us, and the purpose is obvious."

"They just want to transfer their debts to us through a merger, and even transfer all the employees who need to be laid off to our Royal Airlines."

"When the time comes, all the notoriety will be ours, and the black cauldron will all be ours."

"And although our two companies have completed the merger and formed a new alliance, according to the previous cooperation negotiations, we are actually separated from each other, and Helan Royal Airlines is still operating independently, but it has more business cooperation and contacts with Gaul."

"In this way, once the merger is completed, I am almost certain that Gallic Aviation will mobilize a large number of personnel that need to be laid off in our company as soon as possible."

"And there are only two outcomes for us."

"Or, with this opportunity, Gallic Airlines has successfully turned over."

"Either Gallic Airlines succeeds in throwing everything on us, and they can develop well after reducing the burden, and we at Royal Airlines may end up being liquidated because of bankruptcy."

"Even if it's the former."

"The benefits we can get are also limited, and we will continue to struggle and even struggle on the danger line because of the massive layoffs and the massive debt."

Speaking of which, Joan looked at everyone present:

"So."

"What do you guys have in mind now?"

"Do you still think that we have to accept Gallic Aviation now?"

“……”