Holy Roman Empire

As France's largest linen spinning center, Lyon, which has always been known as the "European Silk Center", has now developed into a metropolis second only to Paris.

At this moment, this dazzling pearl is no longer dazzling.Affected by the British and Austrian dumping, the French business community ushered in the most brutal challenge.

Most companies have announced layoffs and production cuts. The army of job seekers on the street is increasing day by day, and there are few new jobs.

Almost every recruitment will usher in a commotion.Even if only three or five people are recruited, dozens of people will sign up.

It can be said that this is the easiest time for French companies to recruit people, and you can choose excellent employees as you like.

Companies that can recruit people against the market are the most powerful.The crisis for ordinary companies is a rare opportunity for these giants.

Lyon Moore Textile Group is one of the most dazzling ones. It has more than 170 factories of all sizes, with a total of more than 130,000 employees.

The industrial chain covers the upstream and downstream of the textile industry, including cotton mills, hemp mills, wool mills, silk factories, printing and dyeing factories, garment factories ... and even its own raw material plantations.

In addition to a complete industrial chain, Moore Textile Group also has the most advanced textile technology in the contemporary era, with over 200 patents.

Such a Big Mac, even if it is hit, has the strongest ability to resist risks.

Moore Textile Group is still profitable as other companies have already lost money.Although this profit is already minimal, this is an important difference.

In the eyes of the outside world, this huge group with unlimited scenery is not easy now.

Profitable companies will also lack money, stock market crashes will occur, and foreign capital will be hitting the financial market.

In response to the crisis, domestic banks have shrunk their money, and corporate financing has become particularly difficult.

Moore Textile Group Office Building

President Moore Saldas looked at the latest financial statements and sighed deeply: "When will the bank loan come down?"

The Moore Textile Group is also supported by a consortium, but this local Lyon local consortium has rooted in the industry, and the financiers in Paris can't get into a gourd.

This local consortium was an accidental product of Napoleon III's support to industry.If there is no accident, with the support of the French government, this local consortium based on industry will gradually develop into a world-class consortium in the years to come.

The secretary returned to Hank and replied: "Mr. Moore, the situation has changed. Some competitors have shot. In the recent period, Ang Bank has been severely run.

The bank is raising funds for self-protection. We have passed through the consortium relationship. The bank said that as long as it runs out of the run-off crisis, it will lend money in the shortest time."

Hearing this news, Moore-Saldas' head hurt even more.Domestic banks have tightened their money, and unless they are very close, it is impossible to lend money.

In the same consortium, Moore Textile Group and Lyon Bank are the pillars of the consortium. The shareholders behind the scene are all cross-shareholdings, which have long formed a community of interests.

Prior to this, the Moore Textile Group loan can get the maximum discount every time, and has never been carded by the bank.

Now rejected, it is clear that the bank is really in crisis and can't take care of their ally.

Since Lyon Bank's competitors have already shot, they will certainly not be untargeted, which means that the bank can't count on it in a short time.

The stock market disaster is still raging, and financing from the stock market is simply unrealistic. Bank loans cannot be obtained within a short period of time, and the financing channels left to enterprises are left with bond issuance.

After a moment of contemplation, Moore-Saldas decisively gave up this unrealistic illusion, and in the current economic situation, issuing bonds is a disgrace.

"The notice will suspend the construction of all new factories and cancel the plan for large plantations in Africa. Let the departments take a careful inventory. As long as it is not an emergency project, I will stop if it can be stopped."

In recent years, Moore Textile Group has expanded very rapidly.The profits of the company have been hit by expansion, and they also have huge debts.

Now that the economic situation is not good and there is a problem with the capital chain, in order to save the group's expenses, Moore-Saldas terminated the group's expansion plan.

Secretary Hank reminded: "Mr. Moore, these plans will be approved by colleagues, and have been announced to the outside world. If cancelled now, I am afraid ..."

Moore-Sardas waved his hand: "It's a special time now, and I will explain the situation to you.

Inform you, I will convene a meeting of the Council of Trustees in three days.

By the way, let me meet with the mayor. Now we need government help."

As a large group, there are hundreds of thousands of people who follow the meal, which has a very serious impact on the surrounding economy. If the Moore Textile Group is finished, the Lyon region's economy will not escape the fate of collapse.

Keith Anderson, the head of the Ministry of Commerce, came in before the Moore-Saldas self-help operation began.

"President, great things are not good. Just now we received news that many international orders of the group were rejected by buyers.

We may have been targeted, and the Ministry of Commerce has sent people to communicate with them. It is estimated that hope is slim.Now the goods are still piled on the ship and cannot be unloaded.

The Ministry of Commerce has informed that it will suspend orders sent overseas and wait for further verification before making plans.

But it was still a step late, and there are currently seven ships that have left the port."

This is the worst news Moore Saldas has heard, and there is absolutely no one.

Occasionally, an order defaults, and Moore Group has encountered it. Anyway, it has received a deposit, and it can be sold to others at a low price. The compensation is not much, and the group can afford it.

This sudden multiple orders defaulted at the same time, the situation is different, obviously someone is specifically targeting.

Ordinarily, it ’s okay. The Moore Textile Group has a big business and a little trouble is nothing.

It is different now. It is quite difficult to find a new buyer when the market is fiercely competitive.

One is not good, these commodities are all in their own hands.The Moore Textile Group, which already lacks cash flow, has a large backlog of commodities, and companies are in danger.

Moore-Saldas forced himself to calm down: "How much is the value of the default order, and if all of these goods are smashed into the hands, how much will we lose?"

Keith Anderson replied with a sad face: "The contract value of the default order is as high as 120 million francs. If there is no buyer behind these products, our book loss will be as high as 105 million francs.

If we only calculate the cost, our direct economic loss will also exceed 75 million francs.

This is just the beginning. Whether the subsequent orders can be fulfilled normally or not can not be determined now.

If all international orders are breached, the final loss may reach 100 million francs."

Moore-Saldas's complexion suddenly dimmed, not to mention that at this time of crisis, even the loss of 100 million francs in the ordinary period will make the Moore Textile Group hurt.

Looking back on the group's internationalization process, Moore-Saldas finally found something wrong, and it has been really smooth in the last year or two.

He originally thought it was the dividend brought by the Russian-Russian war, but now he found out that it was a hole dug by competitors.

It is the group ’s major customers that have breached the contract. The two sides have cooperated more than once, but the previous orders are very small.

Suddenly increased this year, Moore Saldas also suspected that there was a problem, but it was too tempting to hold orders.

They also understand the basic situation of customers and are very capable in the local area.

Although the amount was a little larger, the deposit payment was easy, and the economic situation was good at the beginning of the year. The contract was signed without any problems.

Moore-Saldas said slowly: "Find a home for this batch of goods as soon as possible!

The Group's capital chain is already very tight, and a financial crisis has erupted in China. We must raise more cash to prevent unexpected events.

Don't pursue profits, as long as you can sell them, even if the price is cut, we will recognize it."

This is a dead horse as a living horse doctor. Moore Textile Group is well-known in France, and it is still a new one in the world.

Even if they are developing rapidly, the influence of France has grabbed a large market from the British. The foundation is still not enough.

This breach of contract is the most authentic portrayal.If the foundation is consolidated and there are multiple distributors in a region, this passive situation will not occur.

Now that the enemy has shot, they will naturally think of the problem of finding their next home.If you want to sell these goods in a short time, it may be easier to ship them back to China.

Of course, this can only be considered.Not to mention the increased shipping costs, the already exported goods are pulled back, and it is nothing to disgrace. The capitalists have a thick skin anyway.

The key point is that the French market has also been hit by dumping of British textile products.

The Moore Textile Group's commodities can only maintain meager profits. If they put more commodities on the market, they will start to lose money.

If a small amount of loss can be used to sell unsalable commodities, the capitalists have already done it.

No one has a backlog of wares in the warehouse this year, so I am embarrassed to say that I am an entrepreneur.

The trouble is that the sales price of the goods has gone down, but the sales volume has not risen. That is worse, it is really fatal.

This is not a joke, but it really happened.All industrial and commercial products are being reduced in price, and the products of the Moore Group are also being promoted with the price reduction of the mainstream, but the total sales volume has not increased much.

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The Moor Textile Group is not the only one affected by this. Compared with light industry, French heavy industry is everywhere.

Since the second half of the year, the export price of the international coal market has risen five times in a row, with a total increase of up to 26.4%, especially the price of coke, which has increased by as much as one-third.

The substantial increase in raw material prices has put the French steel industry in a difficult position.

Without waiting for everyone to slow down, we ushered in a big price reduction for steel.

The British and Austrian countries maintained synchronized actions. The prices of raw steel and pig iron in the international market fell by 15.4% and 18.6% respectively. The influx of large quantities of cheap steel directly brought the French heavy industry collective into the era of negative interest rates.

The challenge now facing French heavy industry is: production is equal to loss, and the more production, the more loss; the same loss if not produced, the difference between the two is only how much loss.

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