Chevron Nigeria Limited has said it will slash it’s workforce by 25 percent as it is reviewing it’s manpower requirements in the light of the changing business environment.
CNL disclosed this on Friday in a statement entitled ‘Chevron Nigeria Limited reviews workforce in accordance with business exigencies.’
The oil major company said it would continue to evaluate opportunities to improve capital efficiency and reduce operating costs.
CNL’s 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 organization with improved processes.
“This will 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% reduction in the workforce across the various levels of the organization.
“It is important that all our employees will retain their employment untill the reorganisation process is completed.”
