Tokyo Barrister: Start the law firm bankruptcy

Chapter 863: The Anger of the Union

The financing plan and strategic investment within Nippon Steel were proceeding in an orderly manner. All the lawyers and accountants were busy trying to finalize everything as soon as possible according to the scheduled time. These people kept going in and out of every corner of the factory to confirm the assets that needed to be counted.

About a month passed like this.

Morning, 11:23.

Toyama, the secretary of the Nippon Steel Workers Union, came out of the factory. He had noticed many unusual things recently. More and more clerks were coming in and out of the factory. This was clearly a sign that something was not right.

Previously, the labor union had repeatedly asked Nippon Steel to provide data on its orders in hand.

At the same time, it is required to reasonably allocate the existing shifts of the first to fifth steel mills to ensure that all workers can start work and receive wages.

However, the union's demands have so far fallen on deaf ears.

Nippon Steel may be doing something secretive recently without telling the union.

Fushan looked over and found another clerk of the company sticking some labels next to a piece of production equipment. It was common to maintain labels on production equipment. However, Fushan felt that this was particularly suspicious, so he immediately called a few workers to check the identity of the clerk.

The workers immediately ran over and shouted, "Who are you? What are you doing? You can't touch the factory equipment casually, do you know that?!"

Workers in steel mills are naturally strong and have strong dantian.

The loud voice startled the clerk. After all, the clerk was a white-collar worker who sat in the office for a long time. Seeing that he was suddenly surrounded by several workers, he immediately became nervous.

"Take out your work badge! Let us check it!" a worker shouted.

The clerk looked hesitant. He had been told beforehand to avoid revealing his identity. However, the more hesitant he was, the more suspicious he became, which made the workers in front of him more alert.

"Take it out quickly!" another worker shouted.

At the same time, these workers formed a semi-encirclement and pressed forward towards the clerk.

Under the continuous intimidation, the clerk did not want to cause trouble, and finally said: "I am an audit specialist from the accounting firm!"

"Accounting firm? Who sent you?"

"Bank."

"Which bank?!"

"Mizuho Bank."

"Are all the clerks who have been sneaking around the factory these days from your accounting firm?"

“I’m just one of them.”

"One of them?!"

"Yes. And accounting firms of other banks."

The workers were shocked to hear the clerk's answer. He turned out to be an accountant from a bank, and not just one bank?!

“What are the other banks!”

"There are also Mitsubishi Tokyo UFJ Bank, Tokyo Central Bank, Sumitomo Mitsui Banking Corporation, Shinsei Bank, and Chiba Bank." The accountant's voice trembled with fear.

Immediately, these workers reported to Toyama.

Toyama was also shocked when he heard this. If several banks sent accountants to audit at the same time, then Nippon Steel must be making a big move with the banks in terms of financing in the near future! And with so many accountants sent, the amount must be extremely huge.

On the other hand, this also means that a considerable amount of Nippon Steel's assets will be mortgaged by banks.

This is something the union cannot tolerate.

Toyama immediately rushed to the device that the clerk had approached. When he came to the device, Toyama leaned over to check. The accountant was swinging the label of the device. Then, Toyama noticed that the asset number label of the device had been peeled off, and it seemed that it had been replaced with a new one.

Generally speaking, large companies will label their production equipment and record asset numbers for easy management.

Now, the bank has changed the asset number of the equipment.

This means that they are very likely to mortgage these production equipment!

Toyama suddenly felt angry.

He repeatedly demanded that Nippon Steel must be transparent with union information.

At this time of business difficulties, it is even more necessary to have a clear grasp of the company's dynamics.

However, now that the accountants from the six major banks have started to work on-site, the union still does not get any information. This is simply outrageous!!!

Toyama walked forward again and looked at the asset tags of several pieces of equipment again.

Without exception, all of them are newly posted.

Clearly, the banks moved very quickly.

Basically, all of Nippon Steel’s valuable assets are about to be locked up.

This General Manager Ueshima! ! Toyama cursed inwardly, and then went to Ueshima's factory office in a rage...

……

……

……

“Go to the island!!! Get out right now!!” Toyama yelled outside the door, “You treacherous villain!!! You said you would maintain close contact with the union, but the bank’s accountants have already stationed on site and marked most of the factory’s equipment as bank assets!!”

Uejima heard Toyama's shouting in his office. He had just returned from the headquarters of Nippon Steel. Not long after he arrived at the factory office, he encountered Toyama yelling outside the door.

Things are really bad.

It seems the union has noticed.

After thinking for a few seconds, Shangdao stood up and opened the door.

"How much assets will Nippon Steel mortgage to the bank?!" Toyama asked directly after seeing Uejima.

"The company has not yet reached any new financing plan documents." Uejima responded in an official tone, "If there is any potential memorandum, Nippon Steel will inform the union as soon as possible."

"Bullshit!" Toyama cursed, "You mean you'll tell us after you've finished everything? I'm telling you, that's impossible!"

"Secretary Toyama, please calm down," Uejima continued. "We hope that the union can understand the company's business decisions. You have to believe that we are all doing this for the good of the company. If a company cannot make enough profit, how high do you think the wages of its workers can be? I assure you that everything at Nippon Steel is on the right track."

"We, the union, can no longer trust you!" Toyama said, "You have so far refused to disclose the true situation of Nippon Steel's orders. Now, it is obvious to the naked eye that a large amount of Nippon Steel's assets will become collateral for the bank. Our union will never allow this to happen!"

"Secretary Toyama, please answer me, if you bring down Nippon Steel, what benefit will it bring to the workers in your union?" Ueshima asked back.

Toyama ignored Uejima's words and just said at the end:

“Our union must go on strike!”

(End of this chapter)