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Chevron Nigeria to cut workforce by 25%

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By Festus Oye

Chevron Nigeria Limited will slash its workforce by twenty-five percent.

The oil company in a statement on Friday blamed the changing business environment for the review of its workforce

The statement by its General Manager Policy, Government and Public Affairs, Esimaje Brikinn, said: “The aim is to have a business that is competitive and have an appropriately sized organisation with improved processes.

“This will increase efficency 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.

“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.”

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