Tokyo Barrister: Start the law firm bankruptcy

Chapter 839: Harsh Words to Each Other

"Director Toyama, that's too much!" Uejima immediately retorted, "How our Nippon Steel treats industrial workers is completely visible. The wage level of Nippon Steel workers is at least 20% higher than that of our own country or other advanced Western countries. Nippon Steel has not treated you unfairly at all!"

"Have you ever compared the hours we work?" Toyama shouted, "Nippon Steel's orders are always urgent and large, and we need to schedule shifts and work around the clock to complete them! Moreover, the protection standards of some old steel mills are not up to standard! Have you taken these into account?"

Toyama continued, "Now, the sudden shutdown of the sixth and seventh steel mills has also had a great impact on the job allocation of our union. We now need to understand the true situation of Nippon Steel's orders on hand. In order to save costs, have you forcibly increased the production capacity of the first to fifth steel mills at the expense of the workers of the sixth and seventh steel mills?!"

"I'm telling you! Our union will never allow this to happen!"

"Every profession has its own specialty, Toyama!" Uejima said, "You are experts in steelmaking, but that doesn't mean you know how to run a business! If the sixth and seventh steel plants continue to operate, it will only cause Nippon Steel's current losses to continue to expand. It will not have any positive effect other than exacerbating the poor operating conditions!"

"We workers should not be the victims of your company's wrong decisions!" Toyama replied.

"We didn't sacrifice you! On the contrary, we are protecting your interests to the greatest extent possible!" said Uejima. "Our sales proceeds were immediately deposited into the joint supervision account of Nippon Steel and the labor union for salaries and subsidies."

Toyama showed a dissatisfied expression: "Our union needs to balance the shift workers of the first to fifth steel plants, and, again, our union needs to understand the real order situation of Nippon Steel. We need to evaluate whether the shutdown of the sixth and seventh steel plants is reasonable. If it is not reasonable, we demand that the two steel plants resume operation to protect the interests of the off-duty workers!"

"I don't think trade unions have the right to interfere in the operation of businesses!" Ueshima made a harsh statement.

This seemingly humble executive director is by no means a pushover.

Otherwise, he would not have been able to help Nippon Steel overcome such a difficult time.

If we don't have some strong tactics when we go to the island, we will not be able to cope with the current challenges.

"I'll be frank." Toyama straightened his back. "Now our union is extremely worried about the opacity of Nippon Steel's financial situation. Especially with Nippon Steel's current poor management, our union's right to know about Nippon Steel's financial operations must be more fully and firmly protected. At the same time, if the shutdown of the sixth and seventh steel plants is not properly resolved-"

"Our union does not rule out the option of launching a strike."

The union official finally issued the most serious threat.

Everyone present who heard it showed expressions of shock.

You know, if the union of Nippon Steel took strike action, it would definitely be shocking news in Japan.

In an instant, the business can be shut down.

Given Nippon Steel's current operating conditions, it simply cannot afford a strike by the union.

"I hope you understand..." Shangdao shouted, "If your union wants to take strike action, then do it! Wait until you destroy this company! That means more than 70,000 workers will lose their jobs! If you think your union members can accept the result of losing their jobs, then you can go on strike!"

Kamijima responded to Toyama's threat with a tougher stance.

The managing director and the general secretary of the labor union openly got angry at each other and hurled harsh words at each other in front of everyone in the company's headquarters building.

Nippon Steel is already facing serious internal divisions...

……

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at the same time--

Right outside the conference room on the 26th floor of Nippon Steel's headquarters.

Today, Nippon Steel is convening major creditors for discussions at its headquarters. Right now, this giant steel company has really reached the end of its rope, its operating cash flow has dried up, and it is simply unable to repay the interest-bearing debts that are about to mature.

Because of the seriousness of the matter——

Cabinet members from the East were also present.

Minister of General Affairs Terada pressed the button for the 26th floor in the elevator. Previously, Terada was involved in the donation scandal revealed by Eriko. For this reason, the United Alliance first suspended his organizational position. As for public duties, he continued to perform them normally. He also spoke out in advance, saying that Eriko's previous so-called revelations were all nonsense without factual basis.

But even so, the overwhelming media coverage still put enormous pressure on the Minister of General Affairs.

Even within the Unity Alliance, some people once suggested that Terada resign voluntarily.

But Terada would not do that.

He struggled for a long time to get to where he is today.

There was no way he would give up everything just because of a few words from a crazy woman who came out of nowhere.

However, even if he himself is unwilling, the Unity Alliance is obviously gradually reducing his power within the organization.

Gradually, he stopped participating in many cabinet activities.

Today, the Nippon Steel project is one of the few things Terada is still responsible for.

Everyone knows that Nippon Steel is a hot potato.

If not handled properly, it will be a huge blow to one's personal reputation.

However, Terada saw Nippon Steel as an opportunity for his own comeback.

If the Nippon Steel incident can be handled properly, perhaps the negative impact of Eriko's donation scandal can be reversed.

Therefore, he also came today to attend and preside over the creditors meeting of Nippon Steel.

There are still 37 minutes until the meeting starts.

The elevator dinged and opened.

At the door was the administrative lady, who immediately greeted Terada. They immediately made way for Terada and greeted this distinguished guest softly.

After all, this is an important person from the cabinet.

As Terada walked through the corridor, many people greeted him immediately. However, Terada had no time to deal with these flatterers and fawning. Whether today's creditors' meeting could proceed smoothly was an important starting point in determining the fate of Nippon Steel.

Right now, Nippon Steel's cash flow is on the verge of breaking, and the biggest fear is that these creditors will take some radical actions, such as filing for Nippon Steel's bankruptcy, which would create huge trouble.

Terada hopes that today's creditors' meeting will at least buy Nippon Steel time to waive its debt repayments, thereby creating space for a comprehensive overhaul of Nippon Steel's internal financial situation and business strategy.

Terada couldn't help but sigh.

What a difficult hurdle lies ahead!

(End of this chapter)