As the largest linen spinning center in France, 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 Anglo-Austrian dumping, the French business community faced the most brutal challenge.

The vast majority of companies have already announced layoffs and production cuts, and the army of job seekers on the streets is growing day by day, and few new jobs have been created.

Almost every hiring brings 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 they can choose the best employees to their heart's content.

The companies that can recruit people against the market are the most powerful. What is a crisis for ordinary enterprises is a rare opportunity for these giant crocodiles.

The Lyon Moore Textile Group is one of the most dazzling companies, with more than 170 factories and more than 130,000 employees.

The industrial chain covers the upstream and downstream of the textile industry, including cotton mills, hemp mills, woolen mills, silk mills, printing and dyeing factories, and garment factories...... There is even its own plantation of raw materials.

In addition to the complete industrial chain, Moore Textile Group also has the most advanced textile technology in contemporary times, with more than 200 patents.

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

Other companies have lost money, and Moore Textile Group can still make a profit. Even though this profit is already negligible, this is an important difference.

In the eyes of the outside world, this large group with unlimited scenery is not having a good time now.

Profitable companies will also be short of money, the stock market crash will break out, foreign capital is hitting the financial market, and the run on the market is intensifying.

In response to the crisis, domestic banks have shrunk their monetary policies, making it particularly difficult for companies to raise funds.

Inside the office building of Moore Textile Group

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 consortium born and raised in Lyon has taken root in industry, and it can't pee in the same gourd as the Parisian financiers.

This local consortium was an unexpected product of Napoleon III's support of industry. If nothing happens, with the support of the French government, this industry-based local consortium will slowly develop into a world-class consortium in the years to come.

The secretary replied, "Mr. Moore, the situation has changed. There are competitors who have made moves, and in recent times, Ang Bank has suffered a serious run.

The bank is raising funds to protect itself, and we have communicated through the consortium relationship, and the bank has said that as long as the run crisis is overcome, it will lend in the shortest possible time. ”

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

In the same consortium, Moore Textile Group and Lyon Bank are the pillars of the consortium, and the shareholders behind the scenes are all cross-shareholding, and have already formed a community of interests.

Prior to this, Moore Textile Group could get the biggest discount every time for loans, and it had never been carded by the bank.

Now that they are rejected, it is clear that the banks are really in crisis and cannot take care of them as allies.

Since CLSA's competitors have already made a move, they will certainly not be untargeted, which means that the banks cannot be counted on in the short term.

The stock market crash is still raging, and it is simply unrealistic to raise funds from the stock market, and bank loans cannot be obtained in a short period of time, leaving only the financing channel for enterprises to issue bonds.

After pondering for a while, Moore Cardas decisively gave up this unrealistic fantasy, and with the current economic situation, issuing bonds would be self-defeating.

"The notice went down, the construction of all new factories was suspended, and the big African plantation plan was canceled. Let all departments take a careful inventory, and as long as it is not an urgent project, stop for me first. ”

In recent years, Moore Textiles has expanded at a very rapid pace. The profits of the company are smashed into expansion, and they are also saddled with huge debts.

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

Secretary Hank reminded: "Mr. Moore, these plans have been approved by the meeting of colleagues, and they have been announced to the public, and if they are canceled now, I am afraid it will ......."

Moore Saldas waved his hand: "This is a special time, I will explain the situation to all sensible people."

I would like to inform you that I will hold a meeting of the Board of Directors in three days.

By the way, I have an appointment with the mayor, and now we need the help of the government. ”

As a large group, there are more than 100,000 people under its command to eat, and the impact on the surrounding economy is very serious, if the Moore textile group is finished, the economy of the Lyon region will not escape the fate of collapse.

Before Moore-Saldas's self-rescue operation began, the head of the Department of Commerce, Keith Anderson, came in.

"President, it's not a good thing. We have just received news that a number of international orders from the group have been rejected by buyers.

We may have been targeted, and the Ministry of Commerce has already sent someone to communicate with them, and it is estimated that there is little hope. Now the goods are still piled up on the ship, unable to be unloaded.

The Ministry of Commerce has notified that orders sent overseas will be suspended until further verification is undertaken.

However, it is still a step too late, and seven more ships have already left the port. ”

This is one of the worst news Moore Saldas has ever heard, absolutely not.

Occasionally, an order defaults, the Moore Group has also encountered it, anyway, after receiving a deposit, it can also be sold to others at a low price, and the loss is not much, and the group can still hold on.

This kind of sudden default of multiple orders at the same time is different, and it is obvious that someone is specifically targeting.

It's just a normal time, Moore Textile Group has a big business, and a little turmoil is nothing.

Now it's different, it's at the height of the market, and it's not easy to find a new buyer.

If one is not good, these goods will all be smashed in their own hands. Moore Textile Group, which already lacks cash flow, has a backlog of a large number of commodities, and the enterprise is in danger.

Moore Saldas forced himself to calm down: "How big is the value of the defaulted order, and how much will we lose if these goods are all smashed in our hands?" ”

Keith Anderson replied with a sad face: "The contract value of the defaulted order is up to 120 million francs, and if we can't find a buyer behind these goods, we will lose up to 105 million francs on our books."

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

This is just the beginning, and it is uncertain whether the subsequent orders can be fulfilled normally.

If all international orders were to be defaulted, the final loss could be 100 million francs. ”

Moore Cardas's face suddenly gloomy, not to mention that in a time of crisis like this, even a loss of 100 million francs in ordinary times would break the Moore Textile Group.

Looking back on the group's internationalization process, Moore Cardas finally realized that something was wrong, and the last year or two has been too smooth.

originally thought it was the dividends brought by the Russo-Prussian War, but now he realized that it was probably a pit dug for them by competitors.

The defaulters are all the group's major customers, and the two sides have cooperated more than once, but the previous order volume is very small.

This year, there was a sudden increase, and Moore Saldas had wondered if there was a problem, but the order was too tempting.

They also understand the basic situation of the customer, and they are very strong in the local area.

Although the amount is a little larger, the deposit is paid quickly, and the economic situation at the beginning of the year is still good, so the contract was signed without finding 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 the financial crisis has broken out in China, and we have to raise more cash in case of accidents.

Don't be in pursuit of profits, as long as you can sell it, even if the price is cut in half, we admit it. ”

This is a dead horse as a live horse doctor, Moore Textile Group is well-known in France, and it is still an out-and-out newcomer internationally.

Even if they developed very quickly, relying on the influence of France, they grabbed a large market from the British, but the foundation was still not enough.

This breach of contract turmoil is the truest portrayal. If the foundation is solidified, there will be no such passive situation when there are multiple distributors in one region.

Since the enemy has made a move, it is natural to think of the problem of them finding their next home. If you want to sell this batch of goods in a short period of time, it may be easier to ship them back to China.

Of course, this can only be imagined. Not to mention the increased freight, it is nothing to bring back the exported goods, and it is nothing to be embarrassed, anyway, the capitalists are thick-skinned.

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

Moore Textile Group's goods can only maintain a small profit, and if they put more goods on the market, they will start to lose money.

If they had been able to sell the unsalable commodities with a small loss, the capitalists would have done it a long time ago.

In these years, anyone who does not have a backlog of goods in several warehouses is embarrassed to say that he is an entrepreneur.

The trouble is that the sales price of goods has fallen, but the sales volume has not risen, which is to make matters worse, and it really kills people.

It's not a joke, it's really happening. All industrial and commercial products are in price reduction, and Moore Group's products are also following the trend of price reductions and promotions, but the total sales volume has not increased much.

……

It is not only the Moore Textile Group that has been affected, compared to light industry, France's heavy industry is full of floating corpses.

Since entering 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 26.4%, especially the price of coke, which has increased by as much as one-third.

The sharp rise in raw material prices has put the French steel industry in a difficult situation.

Without waiting for everyone to slow down, they ushered in a big price cut in steel.

Britain and Austria have kept moving in tandem, and the prices of raw steel and pig iron in the international market have fallen by 15.4% and 18.6% respectively, and a large number of cheap steel has poured in, which has directly brought the French heavy industry collective into an era of negative interest rates.

The dilemma now confronts French heavy industry is that production equals loss, and that the more production there is, the more it loses; If you don't produce, you will also lose money, and the difference between the two is only a matter of how much you lose.

……