Connect with us

BUSINESS

PENGASSAN Kicks As Chevron Moves To Cut Down 25% Of Its Workforce In Nigeria

Published

on

PENGASSAN

Chevron Nigeria Limited (CNL) says it will downsize its workforce in Nigeria by 25 per cent across various levels in the oil firm, a development frowned at by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).

The oil firm said the development followed the evolving negative operational environment in the energy sector.

Workers of the oil firm under the auspices of the PENGASSAN on Friday in Lagos protested the looming sack of 600 employees.

Esimaje Brikinn, CNL’s General Manager Policy, Government and Public Affairs, in a response statement, on Friday, noted that the 25 per cent job cut was to reposition the oil firm for greater efficiency and competitiveness.

Workers’ Sack: NUPENG, PENGASSAN Direct Members To Down Tools In All Chevron Facilities

The statement was, however, silent on the exact number of workers to be affected by the job cut, but said that 25 per cent of its workers will be sacked.

“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.

Advertisement
Article Banner

“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,” he noted.

“Wrongful” Dismissed Staff Of France Oil Giant, Total Petitions Buhari, Says I am Being Victimized Because I’m A Woman

“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,” the statement read in part.

He dismissed speculations that the exercise was to outsource jobs done by Nigerians to foreigners, adding that there are no plans to migrate Nigerian jobs outside the country.

He explains ”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”.

Advertisement
Article Banner

He further stated that CNL is in alignment with both its Joint Venture partners, the NNPC, and the Department of Petroleum Resources (DPR) on the process.

“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.

“At CNL, the welfare and safety of our workforce is one of our highest priorities.

“Making changes to the organisation 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,” Esimaje said. 

(Freedom Online)

Advertisement
Article Banner
FEATURES1 hour ago

Badenoch Urges Labour to Keep 10-Year Settlement Rule for UK Work Visa Holders

COMMUNITY REPORT3 hours ago

Isoko North Boss Moves to Tackle Flooding in Alah Square in Ozoro

FEATURES4 hours ago

‎Illegal Mining Fuels Insecurity, Money Laundering, Revenue Losses, Reps Panel Warns

ENTERTAINMENT11 hours ago

2027: Actress Ogala Sparks Reactions After Declaring Abias Have ‘No Choice’ But to Elect Her Governor

FEATURED18 hours ago

Ethiope State: Omo-Agege Breaks Silence, Blames Buhari-Era Deadlock for Delay, Vows to Push Bill in 2027

FEATURES18 hours ago

‎Appeal Court Upholds Order Against David Mark-Led ADC, Bars INEC from Recognising State Congresses

sowore
FEATURES20 hours ago

‎Court Rejects Sowore’s Bid to Delay Cyberbullying Trial, Orders Defence to Continue July 16

#SPORTS23 hours ago

Osimhen Eyes University Degree After Football, Says Education Is a Lifelong Goal

FEATURES24 hours ago

Ex-Minister Uche Nnaji Arraigned Over Alleged Certificate Forgery, Gets ₦20m Bail

FEATURES1 day ago

‎FG Suspends Planned 82% Hike in WAEC, NECO Registration Fees

COMMUNITY REPORT1 day ago

Leaders of Owhe Clan Endorse Tinubu, Oborevwori, Joel-Onowakpo, Ukodhiko Pass Confidence Vote on Ogorugba, Others

Defense and Security1 day ago

Gunmen Kidnap Oyo Headmaster “Onaiye”, Demand N30m Ransom

FEATURED2 days ago

Fact-Checking the Smear: N’Delta Group Clears Ex-NNPC EVP Engr. Tombomieye of False Allegations

FEATURES2 days ago

Umahi: Why Peter Obi Turned Down the Debate Challenge

FEATURED2 days ago

South African Lady Arrested in Abuja for Using 3-Year-Old Son as Cover to Traffick Heroin

Advertisement
Advertisement

z

   


Article Banner