Bitumen World, a leading construction firm announced Thursday it will be laying off staff to strengthen its long-term sustainability and “maintain its vital role in infrastructure development across the region”.
It did not say how many workers will be retrenched.
But it said the move was part of efforts to adapt to the current economic challenges, including operating “under cash flow pressures caused by delayed payments from clients”.
Since inception, Bitumen has taken a comprehensive approach to project management, providing more than just bituminous products, hot asphalt mix, and road rehabilitation.
The company is dedicated to infrastructure development, road safety, creating a convenient commute, and ensuring an enjoyable journey for all road users, it said.
“Over recent months, we have engaged in extensive discussions and evaluations to guide Bitumen World through this difficult period,” said CEO Andre Zietsman.
“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.”
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According to a statement released by the construction firm, as part of this restructuring, the company will implement a cost-cutting regime, which includes reducing its workforce. Bitumen World, the statement also said, recognises and deeply values the dedication and professionalism of all its employees.
The company said it was committed to handling the process with respect, transparency, and dignity, offering support to those affected through severance packages and transition assistance.
“Our priority remains the well-being of our team members and the sustainability of our business,” added Zietsman.
“We are grateful for the contributions of our loyal employees and remain dedicated to fostering a positive environment as we move forward into this new chapter.”
He said Bitumen had always delivered large-scale projects on time and within budget. The Zimbabwean government, one of the company’s largest debtors, is experiencing significant challenges in making timely payments to its contractors.
“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.
“The tragedy of these lay-offs,” Zietsman noted, “is that they impact the very people who built this prestigious brand — a brand that was wholly created by Zimbabweans.” Bitumen reaffirmed its commitment to long-term growth, innovation, and delivering high quality infrastructure solutions.
“The company will provide ongoing updates throughout this process and continues to focus on building a resilient future for Zimbabwe’s infrastructure landscape,” he said.
“Bitumen World is the only construction company in Zimbabwe with four ISO certifications and recently received the Sadc Annual Quality Award, recognising its commitment to quality and excellence,” he added
