Chevron to Restructure workforce in Nigeria

Chevron to Restructure workforce in Nigeria

The management of Chevron Nigeria Limited (CNL) has announced that it will be reducing its workforce in the country by 25 percent across various levels.

In a statement titled ‘Chevron Nigeria Limited Reviews Workforce in Accordance with Business Exigencies’ and released on Friday October 3, the multinational company said the decision was taken due to increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the federal government of Nigeria.

The statement read;

“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 reorganisation process is completed. “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 said.

“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.

“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.”

Information Source: Local Media

Submitted by: Press release

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