• Latest
  • Trending
Chevron Nigeria Set to Lay Off 25% of Workforce

Chevron Nigeria Set to Lay Off 25% of Workforce

October 2, 2020
ARISE XCHANGE

ARISE XCHANGE

January 22, 2021
Ethiopia Drops Gun Charges Against Media Mogul Jawar Mohammed

Ethiopia Drops Gun Charges Against Media Mogul Jawar Mohammed

January 22, 2021
Court Orders Nigerian Senator Be Remanded Over Former Pension Boss Disappearance

Nigeria’s Supreme Court Dismisses Appeal By Abacha’s Family to Access Frozen Foreign Accounts

January 22, 2021
Trump’s Trial for ‘Inciting Insurrection’ to Start Monday

Trump’s Trial for ‘Inciting Insurrection’ to Start Monday

January 22, 2021
Russia Welcomes US Proposal to Extend Nuclear Treaty

Russia Welcomes US Proposal to Extend Nuclear Treaty

January 22, 2021
Twin Suicide Bombings Kill At Least 23 in Iraqi Capital Baghdad

Islamic State Claims Responsibility for Twin Suicide Blasts in Baghdad

January 22, 2021
Japan Vaccination Uncertainty Casts Doubts Over Olympics    

Japan Vaccination Uncertainty Casts Doubts Over Olympics  

January 22, 2021
Comedian Dave Chappelle Tests Positive for Covid-19, Shows Canceled

Comedian Dave Chappelle Tests Positive for Covid-19, Shows Canceled

January 22, 2021
Germany’s Covid-19 Death Toll Tops 50,000

Germany’s Covid-19 Death Toll Tops 50,000

January 22, 2021
UN Expresses Concern Over ‘Disturbing Rape Reports in Tigray’

UN Expresses Concern Over ‘Disturbing Rape Reports in Tigray’

January 22, 2021

Nigeria Can Defeat Kidnappings Within Three Months Using Drones, Says Surveillance Expert

January 22, 2021

Nigeria: Former Electoral Commission Boss Jega Calls for Scrap of ‘Unnecessary’ Federal Ministries

January 22, 2021
ARISE Newsday

ARISE Newsday

January 22, 2021
UN Expresses Concern Over ‘Disturbing Rape Reports in Tigray’

UN Expresses Concern Over ‘Disturbing Rape Reports in Tigray’

January 22, 2021
#Watch: I Proposed That We Send Goodluck Jonathan to Help Trump Come to Terms With Losing Election – Wole Soyinka

Soyinka: ‘No Difference’ Between Trump and Uganda’s Museveni

January 22, 2021
#Watch: I Proposed That We Send Goodluck Jonathan to Help Trump Come to Terms With Losing Election – Wole Soyinka

Trumps’s Sole Agenda Was to Dismantle Obama’s Legacy

January 22, 2021
Global Business Report

Global Business Report

January 22, 2021

Morning Show

January 22, 2021
Next James Bond Film Delayed for Third Time Due to Covid-19

Next James Bond Film Delayed for Third Time Due to Covid-19

January 22, 2021
Restructuring Alone Can’t Solve Nigeria’s Problems, Former President Jonathan Says

Restructuring Alone Can’t Solve Nigeria’s Problems, Former President Jonathan Says

January 22, 2021
Bitcoin Breaks Above $20,000 for First Time

Bitcoin Slide Continues, Heads for Worst Week Since March 2020

January 22, 2021
Nigerian Nurses Raise the Alarm over Inadequate Medical Personnel for Covid-19 Vaccination

Nigerian Nurses Raise the Alarm over Inadequate Medical Personnel for Covid-19 Vaccination

January 22, 2021
Chinese Rescuers Hope to Drill Shaft to Free Trapped Gold Miners

Trapped China Gold Miners Have to Wait 15 Days for Rescue

January 22, 2021
Finance Minister Says Nigeria Taking $750m World Bank Loan on Behalf of States, Blames Transport Costs for Inflation

Nigeria Approves $17m for 38 New Oxygen Plants Nationwide

January 22, 2021
Buhari Approves Another Five-year Term for Nigeria Ports Boss Hadiza Bala Usman

Stakeholders Hail Reappointment of Bala-Usman as Nigeria Ports Boss

January 22, 2021
Court Sets Aside Death Sentence on Kano Singer, Orders Retrial   

Court Sets Aside Death Sentence on Kano Singer, Orders Retrial  

January 22, 2021
Nigeria: Zamfara Governor Denies Ruling Party’s Accusation of Sponsoring Bandits

Nigeria: Zamfara Governor Accuses Traditional Rulers of Sabotaging Peace Efforts

January 22, 2021
Google Threatens to Withdraw Search Engine from Australia

Google Threatens to Withdraw Search Engine from Australia

January 22, 2021
US House Lawmakers Set to Impeach Trump For Historic 2nd Time

Republicans Seek Delay Until February to Give Trump ‘Fair’ Impeachment Trial

January 22, 2021
#EndSARS: Buhari Promises Extensive Police Reforms

Buhari Demands Stricter Measures to Tackle Tax Evasion in Nigeria

January 22, 2021
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
No Result
View All Result
Saturday, January 23, 2021
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • US ELECTION
  • BUSINESS
  • Politics
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • US ELECTION
  • BUSINESS
  • Politics
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
No Result
View All Result
Arise News
No Result
View All Result
Home Breaking

Chevron Nigeria Set to Lay Off 25% of Workforce

October 2, 2020
Reading Time: 3min
0 0
0
Chevron Nigeria Set to Lay Off 25% of Workforce
Share on FacebookShare on Twitter

Oil giant, Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL together with its affiliates, confirmed on Friday that it is reviewing its manpower requirements in the light of the changing business environment.

To this end, the International Oil Company (IOC), said it is disengaging 25% of its total staff in a decision it said was to aid its long term survival, following the recent downturn in the oil industry.

The company added that it is continuing to evaluate opportunities to improve capital efficiency and reduce operating costs, stressing that in the process, the company will be streamlining its workforce and improving service delivery and overall performance at all levels.

CNL’s General Manager Policy, Government and Public Affairs, Mr Esimaje Brikinn, in a statement, explained that the aim is to have a business that is competitive and have an appropriately sized organisation with improved processes.

He noted that the move will increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the federal government of Nigeria.

According to him, the new organisational structures will, unfortunately, require approximately a quarter of the workforce laid off across various levels of the organisation.

“It is important to note that all our employees will retain their employment until the reorganisation process is completed.

“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 oil multinational stated.

Brikinn clarified that there are no plans to migrate Nigerian jobs outside the country.

”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,” CNL noted.

The statement stated further that CNL is in alignment with both its Joint Venture partners, the NNPC, and the Department of Petroleum Resources (DPR) in the entire 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 optimisation.

“At CNL, the welfare and safety of our workforce is one of our highest priorities. Making changes to the organisation 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,” it concluded.

Emmanuel Addeh

Discussion about this post

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Arise News - Part of the Arise Media Group.

No Result
View All Result
  • HOME
  • Breaking
  • Global
  • Regional
  • US ELECTION
  • BUSINESS
  • Politics
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates

© 2020 Arise News - Part of the Arise Media Group.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist