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Home Business & Investment

Chevron to lay off 25 percent of its staff in Nigeria

Bunmi Akintilo by Bunmi Akintilo
October 3, 2020
in Business & Investment, COVID-19, Latest News, Nigerian News
0 0
0

The Management of Chevron Nigeria Limited (CNL) has revealed that it will reduce its staff strength across all levels by 25% in Nigeria.

The company said in a recent statement titled ‘Chevron Nigeria Limited Reviews Workforce in Accordance with Business Exigencies’ that the decision was taken owing to increase in efficiency and effectiveness, retain value, cost reduction and generation of more revenue for the federal government of Nigeria. 

While hinting about the sack, Esimaje Brikinn, CNL’s General Manager, policy, government and public affairs dismissed speculation that the sack decision wastaken to outsource jobs done by Nigerians to foreigners. 

The statement read: “CNL and its affiliates, confirms that it is reviewing its manpower requirements in the light of the changing business environment, while continuing to evaluate opportunities to improve capital efficiency and reduce operating costs. 

“In this process, the company will be streamlining its workforce and improving service delivery and overall performance at all levels. This will increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the federal government of Nigeria.

“It is important to note that all our employees will retain their employment until the reorganisation process is completed. 

“We have prospects for our company in Nigeria; however, we must make the necessary adjustments in light of the prevailing business climate; and we need everyone’s support to get through these tough times stronger, more efficient and more profitable, in order to sustain the business.

“We are actively engaging our workforce to ensure they understand why this is being done. We will continue to consistently engage all relevant stakeholders, including the leadership of the employee unions as we continue this process of business optimisation.

“Making changes to the organisation is never easy for anyone that will be impacted, but it is necessary to improve our ability to remain competitive in Nigeria.”

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Bunmi Akintilo

Bunmi Akintilo

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