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I am not against the union
There are trade union organizations in the enterprise, which is normal in the United States. I am not against the existence of American trade unions. It represents the culture of the United States to a certain extent.
For entrepreneurs operating in the United States, it is common practice to face trade unions. I have been investing in the United States for 20 years and know how to deal with it. One of Fuyao's companies in the United States has a trade union, and our relationship with the trade union is handled very well.
Among other companies in Fuyao, a small number of trade union activists entered the workforce of our factory. They did not have any trouble, they just sent out leaflets quietly. We negotiated with them and told them that Fuyao was dealing with the establishment of trade unions. Position and attitude. Fuyao is a newly established company in the United States, and we will discuss and discuss management issues directly with our employees.
In fact, this thing that Fu Yao is now encountering is also expected. Our US companies are generally operating very well and will be profitable this year. On the evening of the 18th local time in the United States, officials from the China Merchants Bank of Ohio contacted us and needed us to provide data. They will hold a press conference to tell reporters that "some reports about Fuyao are not true." We have already told them the actual situation. Therefore, this shows that the state government supports Fuyao in this matter. They hope to find out the truth of this matter. If this matter is unclear, it is also a filth to Ohio.
What is the purpose of The New York Times?
Why didn't I respond to this matter for the first time? There are some reasons for this.
On June 17th, local time, the United States held a large-scale investment promotion activity. The Chinese name was “Choose the US Forumâ€. The "New York Times" article was issued on June 10, and the Chinese version was issued on June 12. There are problems with this article in the report, at least 40% are hearsay. The main reason is to use some of the employees who were expelled from Fuyao and listen to them to make some comments.
The reason why 30%-40% of the content is not true, our public relations department asked the New York Times to provide the source of the interview, and some of them themselves could not tell.
Another 30% is a historical issue, in which Fuyao was fined $100,000 by the US Federal Security and Health Administration for "environmental problems." In fact, it can be seen from this amount that the so-called "environmental protection problem" is not a big problem. This fine is also the result of negotiations between Fuyao and relevant departments. In the United States, if a company is really found to have problems with environmental protection, don't mention 100,000 US dollars, that is, 10 million US dollars, 100 million US dollars are useless. The first thing waiting for you is that the factory will suspend production and enter the rectification until it meets the standard before returning to work.
The trade unions ran to a hotel near our factory and organized an event to hold a meeting in the hotel, inviting about twenty or thirty union activists from our factory (people who had previously hired to work in our factory). After the meeting, I was pleased to say to the local news media that may be contacted in advance, "We have successfully held the meeting." In the process, they deliberately blurred a concept. In accordance with local US law, the establishment of a union in a factory must be approved by more than half of the employees in the factory. However, the number of people who participated in their convening activities at this time only accounted for 3%-4% of the entire factory, so it was far from the standard for establishing a trade union.
Chinese companies invest in the United States, and even China's foreign investment will encounter similar problems. I didn't respond or vocalize the first time. I was worried that the US media would continue to speculate and ferment. The US government held this investment promotion activity in China on the 17th. The New York Times issued such an article on the 10th. I don't know what the latter is for. The New York Times is to unpack the Trump administration, or to reflect the gentlemanliness of the United States, telling thousands of Chinese companies that are invited to invest in the United States. The United States has these "positive conspiracy". Do you still vote?
Therefore, in the week before the China Merchants Association, such an article, the purpose is somewhat confusing.
The domestic "title party" surprised me.
In addition, the performance of the "title party" of some media in China made me really surprised and could not accept it. As an entrepreneur who has grown up in China for decades, how much I have contributed to the country should be obvious to all, and a lot of data is placed in black and white. As a Chinese company, Fuyao's development in the United States is also conducive to the overall image of Chinese companies and the influence of Chinese brands. What I would rather see is the serious reporting and analysis of the Chinese domestic media, rather than exaggerating and making rumors. It’s not only despicable but also pitiful to rely on rumors to attract attention and make money.
For example, "Cao Dewang's American company employees marched on the streets", this is some of China's headline party media are talking nonsense. Although this matter is the head of the New York Times, China’s domestic “heading party†is using opportunities to create public opinion. They may have two purposes: one is to scare some Chinese entrepreneurs back, and the other is to influence the stock market.
Fuyao’s stock price in the past few days has not been affected by this news hype. If it is a small company, after such a toss, it may not be a small loss. From the initial establishment of the factory to the present, I have always been a very regular entrepreneur. If there is any problem in the United States, our company will immediately issue a formal announcement.
Fuyao is not afraid of being sued
Some media said that there are employees or workers who want to sue Fuyao, but this employee was expelled from Fuyao. What did he sue me? According to US law, if the reasons for the indictment are not sufficient, you will be withdrawn by a lawyer. Some of the things involved in the New York Times report are actually encountered in overseas investment. Even if the dismissed employee sues Fuyao, if Fuyao loses, it is only a labor dispute, because we have purchased formal insurance. The insurance company will make compensation.
Regarding this incident, the insurance company also asked us whether we are reconciling with such employees or not reconciling with him. We believe that he was expelled because of problems in his professional conduct. We are not afraid of him taking legal channels to prosecute. As a company, we have our employment standards.
Moreover, Fuyao Group’s investment in the United States is $1 billion, and the amount of compensation he claims is plus the lawyer’s fee, which is about several hundred thousand dollars. Therefore, even if he wins the lawsuit, getting compensation will not affect Fuyao’s investment in the United States. Moreover, once he sue, I think our reasons are very full and we will stay with you. If he does not sue, we will consider prosecution. Although this person has been fired, he must also make things clear, and he will dare not speak honesty after seeing him. (The author is the chairman of Fuyao Group, this article was interviewed by Hu Jinyang)
Abstract Recently, the New York Times published a report about Fuyao America. In fact, things are not as big as the New York Times said, and even less like the "headline party" media in China.
Recently, the New York Times issued a report about Fuyao America. In fact, things are not as big as the New York Times said, and even less like the "headline party" media in China, "the employees of Fuyao American Company are marching on the streets." If so, as a listed company, Fuyao Group has issued a statement announcement. And after this incident, look at the performance of Fuyao Group in the stock market, our stock price is rising, which shows that our shareholders fully believe in Fuyao.