Chevron Nigeria Limited have decided to lay off twenty-five per cent of their staff in what the company yesterday described as a review of its manpower requirements in the light of the changing business environment.
Chevron, in a statement, said the aim was to “have a business that is competitive and have an appropriately sized organisation with improved processes.”
This, according to the General Manager Policy, Government and Public Affairs, Esimaje Brikinn, will “increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria.”
Brikinn said the new organisational structures will require approximately 25 per cent reduction in the work force across the various levels of the organisation.
He said: “CNL and its affiliates confirm 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 reorganisation process is completed.
”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 reads in part.