Chapter 2817

Besides their real estate development company, the Xu family also owns a construction company; working in this industry indeed requires many workers, and if they prioritize hiring laid-off workers, they can absorb quite a few of them.

Su Xinghui then raised his glass again and said, "Then I can only toast everyone one more time; thank you all for your support!"

Everyone raised their glasses together and drank them dry.

At this banquet, everyone enjoyed themselves to the fullest before parting ways.

After lasting for more than ten days, the cooperation negotiations between the Pengjiawan Special Steel Factory and the Baozhou Rolling Mill finally resulted in an agreement.

The Pengjiawan Special Steel Factory invested in the joint-stock cooperation with the Baozhou Rolling Mill using technology and capital; they contributed 500 million RMB, plus their advanced technology, to hold a total of 50 percent of the shares in the Baozhou Special Steel Manufacturing Co., Ltd. after the cooperation.

The Baozhou Rolling Mill invested with all its assets, holding the other 50 percent of the shares in the new company.

The cooperation agreement between the two parties explicitly stipulated that any worker who could pass the new company's skills test could be retained, and this included those workers from the original Baozhou Rolling Mill who had already been laid off.

This cooperation was a win-win for both sides; for the Pengjiawan Special Steel Factory, if they were to build a new factory of the same scale as the Pengjiawan Special Steel Factory, at current price levels, it would cost at least over 2 billion RMB, and the construction period would last for several years—years during which they could have been making big money.

Now, they only spent 500 million to obtain half the equity of an enterprise that could start operations after just a few months of renovation; as long as it starts production, the annual profit will exceed 500 million, which is such a cost-effective deal.

And for the Baozhou municipal government, this partner was also impeccable; their terms were unimaginably generous.

They absorbed a large number of laid-off workers and might even create new job opportunities, and the scale of the new company was also huge; after reaching full production capacity, the annual output value would be over 3 billion, which could generate how much tax revenue for Baozhou?

Furthermore, around this special steel manufacturing company, a batch of supporting enterprises could also be fostered; this is the role of a leading enterprise.

Just the successful negotiation of this one cooperation project was a huge political achievement for Wei Ziming, Cai Jianguo, and the others, so how could they not be beaming with joy?

And for the workers of the Baozhou Rolling Mill, this was also fantastic news; they had heard that this special steel factory cooperating with the rolling mill had surprisingly good efficiency and surprisingly good benefits.

They heard that employees at the Pengjiawan Special Steel Factory had monthly wages of over a thousand, with more pay for more work, thirteen months of salary per year, and social insurance and such.

This made the workers of the Baozhou Rolling Mill incredibly envious; the Baozhou Rolling Mill didn't have such good benefits, and even if the factory paid them their full wages, it was only a few hundred yuan a month, which was an unknown distance away from the benefits at the Pengjiawan Special Steel Factory. After they joined the Baozhou Special Steel Manufacturing Co., Ltd., would they also have such benefits? This truly made them look forward to it.