Chevron Nigeria Limited (CNL) says it will downsize its workforce in Nigeria by 25 per cent across various levels in the oil firm, a development frowned at by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
The oil firm said the development followed the evolving negative operational environment in the energy sector.
Esimaje Brikinn, CNL’s General Manager Policy, Government and Public Affairs, in a response statement, made on Friday, noted that the 25 per cent job cut was to reposition the oil firm for greater efficiency and competitiveness. NAN reports
The statement was, however, silent on the exact number of workers to be affected by the job cut, but said that 25 per cent of its workers will be sacked.
“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 reorganization process is completed,” he noted.
“CNL supports the Federal Government in its objectives and efforts to build a prosperous Nigeria. In the area of employment generation, the company has several social investments which are helping to provide employment for thousands of Nigerians,” the statement read in part.