HomeBusinessFind out more as NNPC offers old staff early retirement option

Find out more as NNPC offers old staff early retirement option

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NNPC has kicked off its plans to reduce workforce by over 70% of eligible staff The company says the exit plan is voluntary and aimed at improving efficiency and workforce renewalThe oil company says the scheme will create room for younger talent while supporting its transformation agenda

Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a workforce reduction programme as part of its ongoing restructuring efforts, with more than 70% of eligible employees indicating interest in the company’s voluntary retirement schemes.

The national oil company is implementing the Accelerated Exit Scheme (AES) and Voluntary Exit Scheme (VES) as part of a broader plan to optimise its workforce, improve efficiency and create opportunities for new talent.

NNPC workforce reduction aligned with the transformation planOver 70% of eligible staff respond to NNPC exit offer Photo: NNPC
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