The Nigerian National Petroleum Company Limited has compulsorily retired all management staff with less than 15 months to statutory retirement.
In an early Tuesday morning announcement, the company declared that the retirement of the affected workers was with immediate effect, stressing that the move would support its business objectives.
“In our bid to pursue effective organisational renewal to support the delivery of our strategic business objectives, it has become imperative to rejuvenate our workforce,” the statement read.
The organisation said the shakeup is in line with its commitment to “scale up NNPC Ltd.’s capabilities through targeted talent management and equal opportunity for all Nigerians.”
The development comes days after the oil company announced the removal and replacement of three of its Executive Vice Presidents (EVPs).
See the full statement below:
NNPC LTD. MAKES ORGANISATIONAL CHANGES
In our bid to pursue effective organisational renewal to support the delivery of our strategic business objectives, it has become imperative to rejuvenate our workforce.
Consequently, in addition to the recent exit of three (3) Executive Vice Presidents, other Management Staff with less than fifteen (15) months to statutory retirement will be exiting the Company effective 19th September 2023.
This is in line with our commitment to scale up NNPC Ltd.’s capabilities through targeted talent management and equal opportunity for all Nigerians.
