Chevron Nigeria Limited has decided it will lay off 25 per cent of its workforce in Nigeria.
According to the company, the cut down of staff is due to review they carried out of its manpower requirement going by the new development in the business environment.
The General Manager, Policy, Government and Public Affairs, of Chevron Nigeria, Esimaje Brikinn, issued a statement yesterday stating that it would continue to evaluate opportunities to improve capital efficiency and reduce operating costs.
Read his statement below;
“The aim is to have a business that is competitive and have an appropriately sized organisation with improved processes. This will increase efficiency 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.”