Chevron Nigeria has set out plans to cut 25% of its staff in response to oil price weakness.

The local unit of the US super major was reported as setting out the move on October 2 by the local press. The number of jobs at risk is thought to be around 1,000. Unions have warned of potential industrial action targeting Chevron Nigeria in response.

Chevron Nigeria’s manager of public affairs Esimaje Brikinn was reported as saying that the company was working to make the business “competitive and have an appropriately sized organisation with improved processes. This will increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria.”

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Source: EnergyVoice