NNPC offers exit packages to ‘500’ employees

Date:

The Nigerian National Petroleum Company Limited (NNPCL) has reportedly offered a “tempting” package for workers willing to accept voluntary retirement.

A week ago, President Muhammadu Buhari unveiled the NNPC Limited, positioning it to operate as a profit-oriented company.

On the sidelines of the event, Mele Kyari, group chief executive officer (GCEO) of the company, had assured that none of the 7,000 workers would be sacked, emphasising that the Petroleum Industry Act (PIA) did not prescribe such a measure.

“We do not have a bloated workforce. Today, the company’s workers population is just 7,000. I believe with the expansion, we have a line of sight, we are going to hire more people to work for us,” Kyari had said.

READ MORE  SON harps on need to halt manufacture, importation, supply of substandard transformers

“The law has also provided that no one is going to leave this company. Everybody’s work is preserved. Their benefits are preserved. So, no matter for concern for the workers of this company.” 

But according to a ThisDay report, the NNPC Limited’s offer may affect as many as 500 employees, adding that many workers have received the email and accepted the offer. 

The report added that it would affect employees who have been officially confirmed or are unable to carry out their functions effectively and those who set to retire between 2022 and 2024.

Apart from what has been described as a “juicy package”, the report said those who are affected are said to be entitled to 50 percent payment of their salaries until the time they are naturally expected to exit the company. 

READ MORE  Trovit Nigeria, a tool to find homes, jobs and cars, launches in Nigeria

However, it said some of the management staff of NNPC Limited affected — especially some of the general managers and group general managers — kicked against it. 

Confirming the development, a top source at the NNPCL told TheCable that the offer was termed ‘willful’, and it was in accordance with global best practices for companies.

He added that the “Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) would have raised the flag” if the company was contravening the provisions of the PIA.

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

READ MORE  Naira redesign: Kola Abiola berates FG for ‘imposing hardship’ on Nigerians

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Nasarawa at 30: Gov Sule Urges Peace, Unity, Says Stability Driving Investment

By Gambo Ahmed, Lafia Nasarawa State Governor, Abdullahi Sule, has...

Tinubu ends 30-day vacation in Europe, returns to Lagos

By Egena Sunday Ode President Bola Ahmed Tinubu has...

Pantami wins fresh PDP governorship primary in Gombe

Pantami wins fresh PDP governorship primary in Gombe Former minister...

Nigeria, Sierra Leone seek stronger borderless ECOWAS

The Nigerian Permanent Representative to the Economic Community of...