Chevron Nigeria Limited has said it will cut down its workforce by 25 per cent as it is reviewing its 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’.
To this end, the exercise would see the oil and gas giant downsizing 25 per cent of its workforce across the various levels of the organization.
CNL’s General Manager Policy, Government and Public Affairs, Esimaje Brikinn said the company continues 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.
According to Brikinn, the aim is to have a business that is competitive and have an appropriately sized organization with improved processes.
He added that the development would increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of the country.
Brikinn stated that the new organizational structures will, unfortunately, require approximately 25 percent reduction in the work.
He expressed;
It is important to note that all our employees will retain their employment until the reorganization process is completed.
Brikinn however clarified that there are no plans to migrate Nigerian jobs outside the country, stressing;
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.
He stated further that CNL is in alignment with both its Joint Venture partners, Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR) on this process, and;
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.
The manager added;
At CNL, the welfare and safety of our workforce is one of our highest priorities. Making changes to the organization is never easy for anyone that will be impacted, but it is necessary to improve our ability to remain competitive in Nigeria. Reducing the cost and improving the efficiency of our operations is critical to generating more revenues for the Federal Government of Nigeria.
