Africa-Press – Zimbabwe. HUNDREDS of workers engaged in various projects for Bitumen World are set to lose their jobs after the company announced a cost-cutting restructuring initiative to save it from total collapse.
According to Bitumen, the company will implement a cost-cutting regime, which includes reducing its workforce.
Bitumen said this is “aimed at strengthening its long-term sustainability and maintaining its vital role in infrastructure development across the region”.
“This necessary transition reflects a committed effort to adapt to the current economic challenges, including operating under cash flow pressures caused by delayed payments from clients,” the company said in a statement.
“The government is facing delays in settling arrears, affecting various projects including road rehabilitation and dam construction.
“While efforts are underway to establish payment plans and small payments have been received, these financial constraints have contributed to the company’s decision to realign its operations to remain resilient in a challenging fiscal environment.”
Since inception, Bitumen has taken a comprehensive approach to project management, providing more than just bituminous products, hot asphalt mix and road rehabilitation.
Some of the major projects undertaken by Bitumen in Zimbabwe include the Harare-Masvingo-Beitbridge Highway, part of which has been completed after several years.
“While the decision to restructure was not made lightly, it is essential for ensuring our long-term viability and ability to continue contributing meaningfully to infrastructure development in Zimbabwe and beyond,” Bitumen World chief executive Andre Zietsman said yesterday.
Bitumen said it recognised the dedication and professionalism of all its employees.
“The company is committed to handling this process with respect, transparency and dignity, offering support to those affected through severance packages and transition assistance,” the company said.
“Bitumen World has always delivered large-scale projects on time and within budget.”
Founded and operated by Zimbabweans, the company has consistently demonstrated its commitment to excellence.
Added Zietsman: “The tragedy of these layoffs is that they impact the very people who built this prestigious brand — a brand that was wholly created by Zimbabweans.”
Bitumen World reaffirmed its commitment to long-term growth, innovation, and delivering high quality infrastructure solutions.
Bitumen World is the only construction company in Zimbabwe with four ISO certifications and recently received the Sadc Annual Quality Award for its commitment to quality and excellence.
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