TAICHUNG, Taiwan - Giant Group recorded a 17% drop in consolidated revenue over the first nine months of this year, the latest figures released by the company's board of directors reveal. With a slow start to the year and a high-profile incident with the United States Government in late summer, the manufacturer reports a 24.9% decline year-over-year in Q3 revenue to NT$15.36 billion (€420 million). A small silver lining is the growth in e-bike sales and the recovering demand in Europe, particularly for its OEM business.

TAIPEI, Taiwan - In response to the renewed global scrutiny of the Taiwan industrial sector's treatment of migrant workers, the Taiwan Bicycle Association has crafted several key resolutions in an effort to increase diligence, compliance and transparency in the supply chain.

TAICHUNG, Taiwan - In the wake of forced labour accusations from the United States, Giant Group is extending its 'Zero Recruitment Fee Policy'. Originally in effect from January 1, 2025, this will now apply to all migrant workers currently employed at the company in Taiwan. "This latest expansion reflects the Group's ongoing institutionalisation and practices of human rights protection and fair employment," the company states.

TAIPEI, Taiwan - The pressure on Taiwan to align its labour governance with international standards is increasing. The recent United States import ban on Giant Group is not seen as an isolated case. Many firms in Taiwan's manufacturing sectors, which rely heavily on high-intensity, low-wage labour, engage in practices that constitute forced labour, the Taiwan Human Rights Commission said in a statement.

TAICHUNG, Taiwan - In response to the Withhold Release Order (WRO) issued by the US Customs and Border Protection (CBP) on Giant bicycles made in Taiwan, the company formed an emergency response team to resolve the situation as quickly as possible. "We are committed to openness and transparency, and have taken multiple actions," the Giant Group wrote in a statement issued today.

TAIPEI, Taiwan - US Customs and Border Protection (CBP) announced Wednesday that it will detain and withhold all shipments of bicycles, bike parts and accessories manufactured at Giant's Taiwan facility based on evidence indicating forced labour. In response, Giant Bicycles Group has released a statement detailing several measures the company has taken this year to mitigate debt bondage and provide housing to its migrant workers.