Emeka Okoroanyanwu
Chevron Nigeria Limited said, last Friday, it would lay off a quarter of its work force.
The firm said it was “reviewing its manpower requirements in the light of the changing business environment”.
It said it will continue 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,” the company said in a statement signed by Esimaje Brikinn, General Manager, Policy, Government and Public Affairs.
The statement noted that the aim is to have a business that is competitive and an appropriately sized organisation with improved processes.
READ ALSO: https://www.thexpressng.com/2020/10/07/new-facebook-features-for-marketers/
“This will increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria,” he said.
According to him, the new organisational structures will, unfortunately, require approximately 25 per cent reduction in the work force across the various levels of our organisation.
“It is important to note that all our employees will retain their employment until the reorganisation process is completed,” he noted.
Chevron says it supports the Nigerian government in its objectives and efforts to build a prosperous Nigeria.
It said in the area of employment generation, the company has several social investments which are helping to provide employment for thousands of Nigerians.
READ ALSO: https://www.thexpressng.com/2020/10/07/contract-scam-ex-imo-gov-okorocha-to-refund-n106b/
He stated: “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.” Continuing, “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.” Brikinn, who explained that CNL was in alignment with both its Joint Venture partners, the NNPC, and the Department of Petroleum Resources (DPR), stated:
“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.”
He added: “At CNL, the welfare and safety of our workforce is one of our highest priorities. Making changes to the organization is never easy for anyone that will be impacted, but it is necessary to improve our ability to remain competitive in Nigeria. Reducing the cost and improving the efficiency of our operations is critical to generating more revenues for the Federal Government of Nigeria.”
