Given the changing business environment, Chevron Nigeria Limited has announced plans to slash its workforce by 25 per cent as it is reviewing its manpower requirements.
The announcement was contained in a statement signed by the company’s General Manager Policy, Government and Public Affairs, Esimaje Brikinnen.
However, the company said it would continue to evaluate opportunities to improve capital efficiency and reduce operating costs.
Brikinnen stated that the review is to have a business that is competitive with improved processes to increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria.
According to him, the new organisational structures will, unfortunately, require approximately 25 per cent reduction in the workforce across the various levels of the organisation.
Meanwhile, he said all the company’s employees will retain their employment until the reorganisation process is completed.