Zimbabwe News Update
📅 Published: August 21, 2025
📰 Source: newsdayzw
Curated by AllZimNews.com
📅 Published: August 21, 2025
Curated by AllZimNews.com
📰 Source: newsdayzw
Curated by AllZimNews. com
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We have four newspapers: The Zimbabwe Independent, a business weekly published every Friday, The Standard, a weekly published every Sunday, and Southern and NewsDay, our daily newspapers.
Each has an online edition.
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 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. 🔗
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