Zimbabwe’s largest ethanol producer, Green Fuel, has laid off a significant number of employees in July due to a decline in blended fuel sales. The company, which employs approximately 3,000 workers, has been struggling to stay afloat amidst challenging market conditions.
The retrenchments come on the heels of the government’s recent ban on the sale of unleaded fuel, a move that has sparked claims of favoritism towards Green Fuel. Industry insiders argue that the ban was designed to protect Green Fuel’s operations, which have been struggling to compete with cheaper unleaded fuel imports.
A source close to the company revealed that “things are really bad” for Green Fuel, citing declining sales and increased competition as major contributors to the company’s woes. Despite requests for comment, Green Fuel declined to provide details on the number of workers affected by the job cuts.
The development has raised concerns about the government’s role in protecting local industries and the potential consequences for workers and the economy. As the situation continues to unfold, one thing is clear: the future of Green Fuel and its employees hangs in the balance.
