Chevron Nigeria Limited has said it will slash its workforce by 25 per cent as it is reviewing its manpower requirements in the light of the changing business environment.

CNL disclosed this on Friday in a statement entitled ‘Chevron Nigeria Limited reviews workforce in accordance with business exigencies’.

The oil major said it will continue to evaluate opportunities to improve capital efficiency and reduce operating costs.

A statement by Chevron Branch of PENGASSAN signed by its Branch Chairman, Mr Ete Oyegbanren, and Branch Secretary, Mr Lavin Aghaunor, said 2,000 workers received notification on Thursday that their services were no longer required by Chevron.

It said they were informed that those interested could apply afresh for new jobs “wherein 600 of them would be subsequently declared redundant and their appointment terminated.”

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