Chevron Nigeria Limited has said
it will slash its workforce by 25 per cent as it is reviewing its manpower requirements in the light of the changing business environment .
CNL disclosed this on Friday in a statement entitled ‘ Chevron Nigeria Limited reviews workforce in accordance with business exigencies ’ .
The oil major said it would continue to evaluate opportunities to improve capital efficiency and reduce operating costs .
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 . ”
According to him , the new organisational structures will , unfortunately, require approximately 25 per cent reduction in the work force across the various levels of the organisation.
“ It is important to note that all our employees will retain their employment until the reorganisation process is completed, ” Brikinn said .
He said there were no plans 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 .
“ 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. ”
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