According to the reports, top oil company, Chevron Nigeria Limited (CNL) has disclosed plans to cut down its workforce in Nigeria by 25 percent across various levels.
CNL disclosed this in a statement titled ‘Chevron Nigeria Limited Reviews Workforce in Accordance with Business Exigencies’, on Friday.
The company said the decision was taken as a result of the prevailing business climate caused by the COVID-19 pandemic and low crude oil prices.
Esimaje Brikinn, CNL’s general manager policy, government and public affairs, in the statement noted that the 25 percent job cut was to reposition the oil firm for greater efficiency and competitiveness.
“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,” Brikinn said.
“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.”
According to NAN, Brikinn dismissed speculations that the exercise was to outsource jobs done by Nigerians to foreigners.
He added that CNL is in alignment with both its joint venture partners, the Nigerian National Petroleum Corporation (NNPC),
and the Department of Petroleum Resources (DPR) on the process.