Chevron Nigeria Limited has announced that it plans to slash its workforce by 25 per cent, as plans are ongoing to review its Manpower requirements as the business environment is changing.
This was made known today in a statement entitled ‘Chevron Nigeria Limited reviews workforce in accordance with business exigencies’.
The company said it is trying to reduce operating costs, while evaluating opportunities to improve capital efficiency.
CNL’s General Manager Policy, Government and Public Affairs, Esimaje Brikinn, said, “The aim is to have a business that is competitive and have an appropriately sized organisation with improved processes.
“This will increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria.”
He said the new Organisational Structures unfortunately requires and approximate of 25 percent reduction.
It is important to note that all our employees will retain their employment until the reorganisation process is completed,” Brikinn said.
He also discarded rumours that the company is planning to migrate Nigerian jobs outside the country.
He said, “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.
He said they are engaging their workforce actively to ensure they understand why this is being done, andding that they will continue to consistently engage all relevant stakeholders, including the leadership of the employee unions as they continue this process of business optimisation.