Business Reporter
Bitumen World, a leading contracting company based in Zimbabwe, is set to undertake a strategic restructuring initiative aimed at strengthening its long-term sustainability and maintaining its vital role in infrastructure development across the region.
The company said the restructuring was necessary and reflected a committed effort to adapt to the current economic challenges, including operating under cash flow pressures caused by delayed payments from clients.
Since its inception, Bitumen World said it 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, and creating a convenient commute and ensuring an enjoyable journey for all road users.
“Over recent months, we have engaged in extensive discussions and evaluations to guide Bitumen World through this difficult period,” said chief executive officer 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.”
As part of this restructuring, the company will implement a cost-cutting regime, which, unfortunately, includes reducing its workforce.
Bitumen World said it recognised and deeply valued the dedication and professionalism of all its employees. The company said it was committed to handling this 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 Mr 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.”
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.
Notably, one of the company’s largest debtors is also experiencing challenges making timely payments, resulting in arrears, which has impacted some projects such as road rehabilitation and dam construction.
While efforts are underway to establish payment plans and small payments have been received, the 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 layoffs,” Mr Zietsman noted, “is that they impact the very people who built this prestigious brand, a brand that was wholly created by Zimbabweans.”
Bitumen World reaffirms its commitment to long-term growth, innovation and delivering high-quality infrastructure solutions.
The company indicated it will provide ongoing updates throughout this process and continue to focus on building a resilient future for Zimbabwe’s infrastructure landscape.
Bitumen World is the only construction company in Zimbabwe with four International Standards Organisation certifications and recently received the SADC Annual Quality Award, recognising its commitment to quality and excellence
