Chevron Nigeria Limited has announced that it will be reducing its workforce by 25% as it is reviewing its manpower requirements in light of the changing business environment.
The disclosure was made by Chevron Nigeria Limited on Friday, October 2, 2020 in a statement titled ‘Chevron Nigeria Limited reviews workforce in accordance with business exigencies’.
The American oil major said it would continue to evaluate opportunities to improve capital efficiency and reduce operating costs.
The General Manager Policy, Government and Public Affairs of Chevron Nigeria Limited, Esimaje Brikinn, said, “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.”
According to him, the new organizational structure will, unfortunately, require approximately 25 per cent reduction in the workforce across the various levels of the organisation.
More details later…