Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result
Home Business & Brands

Chevron To Downsize Workforce In Nigeria By 25 Per Cent – Official

byeditor
October 3, 2020
in Business & Brands
Reading Time: 2 mins read
Workforce In Nigeria By 25 Per Cent
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

Chevron To Downsize Workforce In Nigeria By 25 Per Cent – Official

 

READ ALSO

FirstBank Partners with Verve to Issue Free Verve Debit Cards In Nationwide Flash Promo, Extends Good Life Promo

Sterling HoldCo Reinforces Strong Earnings Momentum with 127% Profit Growth

 

 

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.

The News Agency of Nigeria (NAN) reports that 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, made available to NAN on Friday, noted that the 25 per cent job cut was to reposition the oil firm for greater efficiency and competitiveness. 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.

“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 reorganization process is completed,” he noted. “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.”

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 optimization.

“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,” Esimaje said.

Related Posts

Verve
Business & Brands

FirstBank Partners with Verve to Issue Free Verve Debit Cards In Nationwide Flash Promo, Extends Good Life Promo

November 3, 2025
Sterling Holdco
Business & Brands

Sterling HoldCo Reinforces Strong Earnings Momentum with 127% Profit Growth

November 3, 2025
Zenith Bank
Business & Brands

Zenith Bank Posts N917.4BN PBT in Nine Months as Gross Earnings Rise From 16% to N3.37TN 

November 1, 2025
Profit Before Tax in H1 2025
Business & Brands

Access Holdings Records N3.9 Trillion Gross Earnings in Nine Months

October 31, 2025
GAIM
Business & Brands

Fidelity Bank’s GAIM 6 Promo Extension: A Timely Boost for Financial Inclusion and Economic Empowerment

October 29, 2025
2025 Q3 Unaudited Results
Business & Brands

GTCO Plc Releases 2025 Q3 Unaudited Results

October 29, 2025
Next Post
Ghanaians Working

Ghanaians Working For Nigerians Threaten Protest Over Closure Of Employers’ Shops

Magazine Cover

GPBN Associates Member

Fidelity Bank

Zenith Bank

Akiin Shuga

Popular Live-Band Legend, Akiin Shuga is Dead

November 3, 2025
Obama

Jonathan Accuses Obama of Plotting His 2015 Election Defeat

November 3, 2025
Protest Rocks PDP National Secretariat

Protest Rocks PDP National Secretariat

November 3, 2025
Senate President Akpabio

Senate President Akpabio Disowns Viral Post Mocking Trump’s ‘Christian Genocide’ Claims

November 3, 2025
Verve

FirstBank Partners with Verve to Issue Free Verve Debit Cards In Nationwide Flash Promo, Extends Good Life Promo

November 3, 2025
Malam Nata’ala is Dead

Popular Kannywood Actor Malam Nata’ala is Dead

November 3, 2025
Trump

Trump Will Not Rule Out Air Strikes, Ground Operation in Nigeria Over Christian Killings

November 3, 2025
Sterling Holdco

Sterling HoldCo Reinforces Strong Earnings Momentum with 127% Profit Growth

November 3, 2025
Jarvis

Retract Money-Laundering Allegation or Face Legal Action – Jarvis tells Peller

November 2, 2025
Saras & Kumud Teasers November 2025

Star Life: Series Finale! Saras & Kumud Teasers November 2025

November 1, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

GLAMTUSH

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

 

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush