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

 

 

 

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

Fidelity Bank
Business & Brands

IWD: Fidelity Bank Signs MoU With Partners, Launch ‘Give Her Power’ Initiative To Empower Nigerian Women

March 10, 2026
Property Ownership
Business & Brands

Empowered Women, Stronger Nation: Building Futures Through Property Ownership

March 10, 2026
Home Ownership
Business & Brands

FirstBank Makes Home Ownership Possible For Nigerians With Single-Digit Interest Rate Loan

March 10, 2026
2026 International Women’s Day
Business & Brands

Polaris Bank Celebrates 2026 International Women’s Day, Reaffirms Commitment To Empowering Women

March 8, 2026
International Women’s Day 2026
Business & Brands

International Women’s Day 2026: Adron Homes Champions Women’s Leadership, Inclusive Growth

March 8, 2026
MREIF Home Loan
Business & Brands

Five Game-Changing Facts About FirstBank’s MREIF Home Loan

March 6, 2026
Next Post
Ghanaians Working

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

Fidelity Bank

IWD: Fidelity Bank Signs MoU With Partners, Launch ‘Give Her Power’ Initiative To Empower Nigerian Women

March 10, 2026
Dangote Refinery Reduces Petrol Price

Dangote Refinery Reduces Petrol Price By N100

March 10, 2026
Property Ownership

Empowered Women, Stronger Nation: Building Futures Through Property Ownership

March 10, 2026
Home Ownership

FirstBank Makes Home Ownership Possible For Nigerians With Single-Digit Interest Rate Loan

March 10, 2026
Onigbinde

Former Super Eagles Coach Onigbinde Dies At 88

March 9, 2026
British Deputy High Commissioner

PHOTO: Courtesy Visit Of British Deputy High Commissioner To Fidelity Bank Head Office 

March 9, 2026
Dangote Refinery Reduces Petrol Price

Energy Experts Back Dangote, Slam Marketers Over Blackmail Attempt On Fuel Price Hike

March 9, 2026
Abducted NYSC Member

Abducted NYSC Member Appears In New Video To Debunk Death Rumours

March 9, 2026
New Supreme Leader

Iran Names Khamenei’s Son As New Supreme Leader

March 9, 2026
International Women’s Day.

#IWD2026: LOPE Chairman Justice Mmadubugwu Celebrates Women’s Strength And Global Impact

March 8, 2026

Magazine Cover

GPBN Associates Member

Fidelity Bank

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
  • Glam Tush – Naija News & Entertainment News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Latest Naija News Today
  • 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