"What did you say? Another 5% are going to be laid off!" Norwood-Jewell looked a little surprised.

He thought that those workers who were on strike were brave enough to give up their jobs, but he didn't expect to meet the management who were equally stubborn.

Union leader Hanks said from the sidelines: "The 210 workers laid off last week, including all our union cadres, and the others are also union members. I estimate that the 200 workers laid off this time will also be union members.

!I’m worried this will affect our morale.”

Not every worker is a member of a trade union. After all, you have to pay membership fees to join a trade union. Wouldn’t it be nice to keep that 5% salary and take your wife and children to a restaurant?

The proportion of workers joining unions also varies across states in the United States. Basically, the more industrially developed a state is, the higher the proportion of workers joining unions.

The highest proportion is in New York State, with more than 20% of workers joining unions. In the industrial states around the Great Lakes and in California in the west, the proportion of workers joining unions exceeds 15%. In some agricultural states in the South, it may be less than 5%.

.

Different industries have different rates of unionization. In some emerging industries, the rate of unionization is relatively low. Many technology companies do not even have unions. However, in traditional industries, such as steel, mining, energy, and automobiles, the rate of unionization is relatively high.

In other industries, the proportion of labor unions is very high.

Although union members do not actually constitute the majority, these union members, especially union cadres, are the organizers and leaders of the labor movement.

For ordinary workers, why not do it if people in trade unions come forward to help themselves fight for better benefits!

Therefore, whenever a labor union organizes a labor movement, ordinary workers will often participate. Anyway, it is the labor union that takes the lead in making trouble. Once it succeeds, it will get a wave of benefits for itself. If it fails, the management will only deal with the union members.

Li Weidong's layoffs naturally targeted the union members in the factory first. It was said that he would capture the leader personally and drive away all the union members. The workers would lose their leader and their backbone, making it difficult for the strike to continue.

Norwood-Jewell, who has organized labor movements for many years, naturally understands this truth. After pondering for a moment, he said: "Since the management has no willingness to negotiate, then we will escalate the movement and put pressure on them!

Calling all trade union cadres, starting tomorrow, our demonstrations and protests will not be limited to the Bemher factory. We will take to the streets, take to the city, march, and create greater momentum! We must let more people

You know, we are fighting!

In addition, I will bring members of the United Auto Workers to attend tomorrow's parade to cheer you on. The United Auto Workers directly participates in the parade and should be able to stabilize the situation."

Hanks nodded and then continued: "What I'm worried about is that even if we take to the streets, the employer will still not compromise. The employer we face this time is different from usual. He is Chinese and seems to have no intention of doing so.

Follow our American rules!"

"Then let him know what American rules are!" Norwood-Jewell snorted, and then said: "I will go to the media and create pressure on him through public opinion. If that doesn't work, I can also contact him.

State legislators, let them put pressure on you from the executive level!

As for layoffs, you don’t have to worry. I don’t believe that the Chinese dare to keep laying off workers. If all the workers are laid off, who will help them produce cars and the factory stops production, then they will lose millions every day! This is a game.

It’s a competition to see who blinks first, we must persevere!”

…

The striking workers took to the streets holding signs and attracted media attention.

With Norwood-Jewell's encouragement, local media began to report the incident on a large scale, and even some major media began to pay attention to the strike.

Some reporters interviewed union leaders at the strike site, while others came to the hotel where Li Weidong was staying to interview the employer's attitude.

"Chairman, the hotel manager informed us that there are a lot of reporters at the door. He said that if necessary, he can arrange for you to leave through the VIP channel." The assistant said.

Li Weidong knew that the so-called VIP channel was a hidden backdoor that could avoid these reporters.

However, Li Weidong did not intend to avoid reporters. He said, "Just go through the main entrance! I will go meet the reporters."

When Li Weidong walked out of the hotel door, reporters immediately surrounded him. The hotel's service was also very attentive. Security personnel and doormen stepped forward to block Li Weidong.

"These security guards and doormen work really hard, please give me a little extra tip later." Li Weidong casually ordered.

At this time, a female reporter asked: "Mr. Li, the strike at the Bemher factory has entered its second week, and now the workers have taken to the streets, what do you think of this? As an employer, what do you think?

How do you plan to respond?”

After glancing at the female reporter, he saw that she was pretty good-looking. Although she had heavy makeup on her face, she was a hot girl. Li Weidong felt much happier.

So Li Weidong stopped and said: "This morning, I also saw relevant reports on TV, so I went to find out the real situation. The so-called workers interviewed in the news were laid off by the factory last week.

.

So he is not an employee of Bemher Factory! So he cannot represent Bemher Factory, and all his actions should be personally responsible for him and have nothing to do with me."

Li Weidong directly used the common practice among domestic leaders to blame "temporary workers". The mistake was made by the temporary workers, and the responsibility belongs to the temporary workers. I have fired the temporary workers, and the matter has nothing to do with me!

Another reporter immediately said: "Mr. Li, according to the introduction of the union leader, as the employer, when faced with the workers' strike, not only do you have no willingness to negotiate, but you hope to force the workers to surrender through layoffs!"

This is a rather unfriendly question, and the implication is that the blame is put on Li Weidong.

Li Weidong smiled slightly and said, "Due to the workers' strike, the factory stopped production, and the factory shutdown caused economic losses. We can only reduce costs and losses through layoffs. So the layoffs were entirely caused by the strike.

, if there were no strikes, there would be no layoffs!”

Li Weidong turned the blame and blamed the strike on the layoffs.

The reporters obviously sided with the workers and did not agree with Li Weidong's answer.

One of them immediately said: "Mr. Li, Jaguar Land Rover is already facing losses of more than one billion U.S. dollars. Every day the Bemher plant is shut down will cause more losses to the company. Aren't you worried about this?"

What?"

"Of course I'm not worried!" Li Weidong continued with a calm look on his face: "Jaguar Land Rover still has a lot of cars in stock, so we just take this opportunity to stock up!"

…

Li Weidong is not worried at all about the shutdown of the factory.

From the perspective of industrial production, if a factory stops production for one day, it will not only consume basic operating costs, but also lose one day's output value. Only by producing and creating output value can the factory make money and generate profits.

Therefore, many manufacturing industries not only often work overtime, but also take shifts, and even have production lines that work in several shifts around the clock, in order to ensure the continuity of production.

When workers go on strike, employers often choose to compromise. It is also based on this point that for capitalists, if the factory stops production for one day, they will lose one day's output value and make one less day's profit.

Failure to make money means losing money, so in order to quell the strike and resume production as soon as possible, the employer will always compromise with the labor union.

But this theory is based on sufficient demand for the product.

If the products produced cannot be sold, the company will lose money on raw materials. At this time, it is better to stop production directly and lose less.

In the United States, there is never a lack of market demand for cars.

After all, the United States is a kingdom on wheels. This is not a compliment, but it means that the United States lacks adequate public transportation and ordinary people cannot move without a car.

Therefore, it is easy for American auto companies to compromise with the labor unions. Whether it is the three major auto companies in the United States or foreign auto companies that set up factories in the United States, they all surrender to the labor unions. There is no one like Li Weidong.

Li Weidong's method of play is a lose-lose situation. I would rather lose money than give you benefits.

Under normal circumstances, this kind of competitiveness will definitely result in greater losses for the employer. If the factory does not produce, not only will it suffer losses, but it may also lose the existing market. If the money is gone, you can still make money, and the market

It's not easy to find it again after losing it.

But the United States in 2007 was not a "normal situation" because the subprime mortgage crisis was about to break out.

At this time, American financial institutions had already smelled the subprime mortgage crisis, and major financial institutions were crossing the sea one after another, each showing their magical powers.

The most common operation performed by financial institutions is to frantically promote various financial products related to subprime mortgages to customers, clearly hoping to find a successor before the collapse of subprime mortgages.

Some financial institutions have also joined the ranks of shorting subprime loans, hoping to make up for their own losses by shorting subprime loans.

Just like the famous ****, they have a large number of financial products related to subprime loans in their hands, and they also short these financial products themselves.

This is like knowing that the stock in my hand is going to fall, so I take out another sum of money to short the stock. When the stock really falls, I use the money earned from short selling to make up for the loss of the stock.

Financial institutions with deep pockets, such as ****, are also capable of resisting risks, so they can do this kind of outrageous operation. However, many financial institutions with less abundant funds have to find other ways.

Take Bearstone, the fifth largest investment bank in the United States, for example. They have too many subprime loan products in their hands and they can't sell them even if they want to. Once the subprime loan market collapses, Bearstone will definitely die.

So Bearstone decided to be cruel to himself and tried his best to short himself in the market.

If you short-sell yourself, no one will believe it!

This is like a boxing match where one of the contestants bets all his money on being beaten to death!

There are also other outrageous operations, such as Morgan Stanley saying that their server crashed; Bank of America saying that it had a power outage; Goldman Sachs losing its database.

It can be said that this subprime mortgage crisis has completely exposed the inferiority of capital. At this time, investors discovered that the American elites on Wall Street can be so shameless. There is simply no limit! What these so-called American elites said

, I really can’t believe a word of it.

The storm of the subprime mortgage crisis soon spread to the entire financial industry, the stock market crashed, and metal and crude oil futures plunged sharply, which means that the market is not optimistic about the prospects of the industry.

As expected, this wave of financial crisis quickly spread to the real economy, and the first to bear the brunt was the traditional manufacturing industry in the United States.

During the subprime mortgage crisis, the entire automobile industry was seriously injured. The sales of all automobile brands, without exception, experienced varying degrees of decline. The three major American automobile companies, Ford, sold off their assets to survive, General Motors and Chrysler

Then filed for bankruptcy.

At that time, the sales of Camry and Accord had dropped significantly, and luxury brands like Jaguar Land Rover were having an even harder time.

People in the United States cannot do without cars, but the economy is not good and everyone has no money. To buy a car at this time, they either buy a second-hand car or a cheap first-hand car. How many people can afford luxury brands!

Therefore, when the Bemher factory stopped production due to a strike, Li Weidong was not anxious at all. Even if the car was produced, it could not be sold, so it would be better to stop the production line and save less money.

As for the workers who were laid off, Li Weidong felt even less distressed.

During the subprime mortgage crisis, too many companies across the United States laid off employees.

The first to bear the brunt is the real estate and financial industries. There are a large number of bankrupt companies. Those that can survive will inevitably undergo large-scale layoffs. 20% of employees are relatively small. Normally, the starting point is 30% and 50% are laid off.

There are many of them.
To be continued...