Petroleum Africa
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Monday, October 5, 2020
According to Reuters and local reporting, the Nigerian unit of oil major Chevron has found it necessary to cut its local workforce by 25% to reduce costs, due to weak demand for oil in the wake of the coronavirus pandemic.
The company, which operates a joint venture with Nigeria’s state-owned NNPC, said it needed to make the adjustments to remain competitive in light of the prevailing business climate. It did not say how many jobs would be affected but said the cuts would affect workers across its operations.
It added in a statement there were no plans to move jobs abroad and it was engaging with its workforce on the plan. Employees will retain their jobs until the reorganization is completed.
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