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Sat. Jul 12th, 2025 5:22:01 PM
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Chevron Nigeria Limited said on Friday it would cut its workforce by a quarter, as it reviews its manpower requirements in the light of the changing business environment.

 

Chevron’s General Manager Policy, Government and Public Affairs, Esimaje Brikinn, disclosed this in a statement.  “The aim is to have a business that is competitive and have an appropriately sized organisation with improved processes,” Brikinn said.

 

“This will increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria,” he explained.

 

According to him, the new organizational structures will, unfortunately, require an approximately 25 percent reduction in the workforce across the various levels of our organization.

 

The oil major said it would continue to evaluate opportunities to improve capital efficiency and reduce operating costs.

 

Chevron holds 40 percent equity in the Joint Venture between it and the Nigerian National Petroleum Corporation, of which it is the operator.

 

“It is important to note that all our employees will retain their employment until the reorganisation process is completed,” Brikinn said.

 

He said there were no plans to migrate Nigerian jobs outside the country.

 

“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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