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Chevron Nigeria Limited (CNL) is planning to sack 25 percent of its Nigerian workers to save cost. Chevron wants to cut down its workforce at a period companies in the oil sector are struggling to remain operational due to the COVID-19 pandemic and lockdown that caused demand to plunge.
“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." the company said in a recent statement.
Chevron's General Manager for policy, government, and public affairs, Esimaje Brikinn, said the current business environment prompted the decision to sack its Nigerian employees. AllNews gathered that Chevron is planning to sack its Nigerian workers in order to replace them with foreigners.
However, Brikinn said that's not the motivation behind the planned sack of 25 percent of the company's Nigerian workers. In a statement, Brikinn said the reduction of its manpower is to meet the current realities.
“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.
“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.”
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