CNBC AI News, July 6th – Reports have surfaced indicating that Roman, a prominent player in the portable power bank market, has suspended operations and placed its employees on an indefinite leave, effective early this morning. The company reportedly communicated this decision via email to its staff.
One employee, speaking on condition of anonymity, expressed deep disappointment, stating, “We were working normally just last week. To be notified of this after working overtime for over 20 consecutive days feels like being abandoned. The company hasn’t addressed outstanding overtime pay or vacation time for its employees.”
This abrupt halt in operations is a direct consequence of a massive product recall initiated on June 16th. Roman announced the recall of over 490,000 power banks due to a critical defect in certain battery cell raw materials. The company acknowledged that these faulty components could lead to overheating and, in extreme cases, pose a fire hazard. Roman has pledged to offer consumers free replacements or full refunds.
However, the market’s reaction suggests a challenging road ahead. As of June 23rd, Roman’s official flagship online store has completely removed all power bank products from its listings. The store now exclusively features accessories such as data cables and chargers.
Despite Roman’s official statement on its Weibo account on July 3rd, where it categorically denied rumors of bankruptcy and vowed to “work hard to resolve the issues,” the decision to cease production and the complete delisting of its core product line paint a somber picture. These actions underscore the significant challenges facing what was once a leading enterprise in the competitive portable power bank industry.
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