How Restructuring Affects 25 Percent Of Chevron Staff

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Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the “NNPC/CNL JV”) together with its affiliates, says it has commenced a review of “its manpower requirements in the light of the changing business environment.”

To this end, the exercise would see the oil giant downsizing 25 per cent of its workforce across the various levels of the organization, it was revealed.

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 him, 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 Nigeria.

According to him, the new organizational structures will, unfortunately, require approximately 25 percent reduction in the work.

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

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