Home West Africa Chevron Nigeria to retrench 25% of its workforce

Chevron Nigeria to retrench 25% of its workforce

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·         Chevron Nigeria announced that it would go for a 25% job cuts, thereby laying off a quarter of its 2500 employees.

·         The company said that the aim is to have a business that is competitive and an appropriately sized organization with improved processes to  increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria

Chevron Nigeria announced that it would go for a 25% job cuts, thereby laying off a quarter of its 2500 employees.  The firm is also reviewing its manpower requirements and will continue to evaluate opportunities to improve capital efficiency and reduce operating
costs.

The company said that the aim is to have a business that is competitive and an appropriately sized organization with improved processes to  increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria, the company said in a statement.

The company said that the aim is to have a business that is competitive and an appropriately sized organization with improved processes to  increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria, the company said in a statement.

The union claimed the affected workers have already been locked out from the office by Chevron Nigeria Limited under the guise of COVID-19 restrictions. The union called on the Federal Government to intervene by directing Chevron to comply with Nigerian laws and regulations in the oil and gas industry. The union argued that Chevron Management experimented with Work  From Home (WFH) since the outbreak of Covid-19 in March 2020. That motivated them to go for doing the same work from the US to gain more  control on the company. Hence, it said, the company has resorted to axing 600 workers, which would badly affect the workers especially when there are no other alternatives opened for the  workers.

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