Close Menu
    What's Hot

    Euro Climbs as Odds of December U.S Fed Rate Cut Shifts

    November 25, 2025

    BoI Unveils Business Clinic Model for MSMEs Growth

    November 25, 2025

    Nigeria Recorded N2.06trn VAT in Q2 2025, says NBS

    November 25, 2025
    Facebook X (Twitter) Instagram
    • Home
    • About us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, November 26
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketForces News - Chevron Plan is to Hack 25% of its Nigeria’s Workforce – Official
    News

    Chevron Plan is to Hack 25% of its Nigeria’s Workforce – Official

    Marketforces AfricaBy Marketforces AfricaOctober 3, 2020Updated:October 13, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Chevron Plan is to Hack 25% of its Nigeria's Workforce - Official
    Share
    Facebook Twitter Pinterest Email Copy Link

    Chevron Plan is to Hack 25% of its Nigeria’s Workforce – Official

    Chevron Nigeria Limited (CNL) says it will downsize its workforce in Nigeria by 25 per cent across various levels in the oil firm.

    However, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has expressed dissatisfaction with the oil firm’s plan.

    But Chevron said the development followed the evolving negative operational environment in the energy sector.Chevron Plan is to Hack 25% of its Nigeria's Workforce - Official

    Recalled that workers of the oil firm under the auspices of the PENGASSAN on Friday in Lagos protested the looming sack of 600 employees.

    Esimaje Brikinn, CNL’s General Manager Policy, Government and Public Affairs, in a response statement, made available to news agency on Friday.

    He said the 25 per cent job cut was to reposition the oil firm for greater efficiency and competitiveness.

    The statement was, however, silent on the exact number of workers to be affected by the job cut, but said that 25 per cent of its workers will be sacked.

    “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.

    “It is important to note that all our employees will retain their employment until the reorganization process is completed,” he noted.

    “CNL supports the Federal Government in its objectives and efforts to build a prosperous Nigeria. In the area of employment generation, the company has several social investments which are helping to provide employment for thousands of Nigerians,” the statement read in part.

    He dismissed speculations that the exercise was to outsource jobs done by Nigerians to foreigners, adding that there are no plans to migrate Nigerian jobs outside the country.

    He explains ”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 further stated that CNL is in alignment with both its Joint Venture partners, the NNPC, and the Department of Petroleum Resources (DPR) on the process.

    “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 optimization.

    “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,” Esimaje said.

    Read Also: Autogas : DPR Says Only Rich Will Use Petrol Cars by 2022

    Chevron Plan is to Hack 25% of its Nigeria’s Workforce – Official

     

    Chevron Nigeria Limited Chevron Plan is to Hack 25% of its Nigeria's Workforce - Official PENGASSAN
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Related Posts

    News

    Euro Climbs as Odds of December U.S Fed Rate Cut Shifts

    November 25, 2025
    News

    BoI Unveils Business Clinic Model for MSMEs Growth

    November 25, 2025
    News

    Nigeria Recorded N2.06trn VAT in Q2 2025, says NBS

    November 25, 2025
    News

    Tax Reforms Will Eliminate Multiple Taxation – ACCI

    November 25, 2025
    News

    Naira Gains after CBN Tops FX Interventions with $150m

    November 25, 2025
    News

    Lagos: Sanwo-Olu Presents N4.24trn Budget Proposal for 2026

    November 25, 2025
    Add A Comment

    Comments are closed.

    Editors Picks

    Euro Climbs as Odds of December U.S Fed Rate Cut Shifts

    November 25, 2025

    BoI Unveils Business Clinic Model for MSMEs Growth

    November 25, 2025

    Nigeria Recorded N2.06trn VAT in Q2 2025, says NBS

    November 25, 2025

    Tax Reforms Will Eliminate Multiple Taxation – ACCI

    November 25, 2025
    Latest Posts

    Euro Climbs as Odds of December U.S Fed Rate Cut Shifts

    November 25, 2025

    BoI Unveils Business Clinic Model for MSMEs Growth

    November 25, 2025

    Nigeria Recorded N2.06trn VAT in Q2 2025, says NBS

    November 25, 2025

    Tax Reforms Will Eliminate Multiple Taxation – ACCI

    November 25, 2025

    Naira Gains after CBN Tops FX Interventions with $150m

    November 25, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Euro Climbs as Odds of December U.S Fed Rate Cut Shifts

    November 25, 2025

    BoI Unveils Business Clinic Model for MSMEs Growth

    November 25, 2025

    Nigeria Recorded N2.06trn VAT in Q2 2025, says NBS

    November 25, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.