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CNBC AI News, July 22nd – Power bank manufacturer Romoss is reportedly facing a significant financial crisis following a recent product incident. Sources estimate monthly losses are hitting between 100 million and 200 million yuan, placing immense pressure on the company’s cash flow and casting doubt on its short-term recovery prospects.
According to domestic media reports, a well-known blogger recently visited Romoss’s Shenzhen headquarters and found a skeletal staff of just over 20 employees. The blogger also noted a significant inventory of finished products, estimated at a cost price of at least 50 million yuan, sitting idle.
Further reports indicate a presence of disgruntled employees and suppliers protesting outside the Romoss headquarters in Shenzhen. Employees claim that senior management has “disappeared,” with the legal representative of the company changing hands three times within the last three months, raising serious concerns about corporate governance.
Prior to these reports, Romoss issued a notice of work stoppage and production halt. The company statement also maintained that key members of the operational team remain in place and that after-sales services would continue to be available long-term.
However, adding fuel to the fire, an anonymous Romoss middle manager, in an earlier interview, alleged that the company’s five core executives fled to Malaysia after the incident. The manager further claimed that they treated Romoss as a personal “ATM,” disappearing immediately after the crisis and repeatedly shifting corporate responsibilities. This paints a picture of potential mismanagement and raises questions about the leadership’s commitment to resolving the situation and preserving the company’s future.
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Original article, Author: Tobias. If you wish to reprint this article, please indicate the source:https://aicnbc.com/5319.html
