Chevron Nigeria Limited,CNL, has retrenched 25% of its staff base due to the current business realities in the Oil and Gas industry.
A statement was issued to the public titled ‘Chevron Nigeria Limited reviews workforce in Accordance with Business Exigencies’ on Friday, October 2, which stated that the company that, it will cut down its workforce by 25 per cent because it is reviewing its manpower requirements in the light of the changing business environment. The oil company said, it would continue to evaluate opportunities available to improve capital efficiency and reduce operating costs.
Esimaje Brikinn, CNL’s General Manager Policy, Government and Public Affairs, said, ‘The aim is to have a business that is competitive and have an appropriately sized organisation with improved processes.’ He noted ‘this will increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria.’
Brikinn however, said that, the new organisational structure will, unfortunately, require about 25% reduction in the work force across various levels.
He further said, ‘It is important to note that all our employees will retain their employment until the reorganisation process is completed.’
He reiterated that, 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.’ Brikinn said