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Home Business & Investment

NNPC to lay off 500 workers

by Nigerian Canadian Newspaper Canada
July 26, 2022
in Business & Investment, Nigerian News
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Following the commercialization of Nigeria National Petroleum Company (NNPC) Limited, about 500 staff have been earmarked for sack.

The affected staff have until the first week of August to take a pay-out package and leave the company before the proper lay off or continue to be employed with the company and risk getting sacked at any time.

According to information, the message was sent to the affected staff who are ordinarily due to retire by 2022, 2023 and 2024 through their emails.

This decision did not go well with some of the management staff members who kicked against it, especially the top management staff like General Managers and Group General Managers.

The Group Managing Director and Chief Executive of NNPC, Mele Kyari was alleged to have said during a recent staff town meeting that “you may accept the package or reject it, but you are advised to take it.”

The General Managers and Group General Managers that kicked against the retirement allegedly wanted to finish their official tenures and retire at the age of 60.

Business standard reports have it that sources said no staff would be forced out of the system if they don’t take the advantage of the severance package but they might have themselves to blame later.

A portal has been opened online with boxes to tick, one for acceptance of the severance package and the other for the rejection of the letter, whichever way any of the affected staff choose, by the first week of August, the portal would shut down.

Apart from the juicy package for the affected staff, they would be entitled to 50 percent of their salaries till the time they are naturally expected to complete their tenure in the company. Also, the company is offering to write off advances to any of the affected staff.

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