• About
  • Advertise
  • Contact
Sunday, August 3, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Labour

NNPC moves to induce voluntary retirement of 500 managers

Vital News by Vital News
July 27, 2022
in Labour
0
Share on FacebookShare on Twitter

Abuja – 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.

“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.”

RelatedStories

Kogi Begins Transition To Contributory Pension Scheme — PENCOM Boss

NUT: A Stand For Truth, Unity And Progress — Western Bloc Speaks Out On Recent Misleading Press Release By Okun Stakeholders Forum

Committee Of Friends Organises Reception In Honour Of Kogi Head Of Service, Elijah Evinemi

TMSG Hails FG For Keeping Wage Award Promise, Asks States To Emulate Excellent Example

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 exit offer is targeted at 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.

In the “juicy package”, those who are affected will receive 50 per cent payment of their salaries until the time they are naturally expected to exit the company.

However, some of the management staff of NNPC Limited affected, especially some of the general managers and group general managers are kicking against it.

Confirming the development, a top source at the NNPCL said 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. (This Day/vitalnewsngr.com)

Tags: NNPCpackageRetirementvoluntary
Previous Post

EFCC arrests two herbalists for defrauding Aspirant of N24 million in Ekiti

Next Post

SMEDAN to support 3,330 entrepreneurs with skills, equipment – Official

Vital News

Vital News

RelatedStories

Kogi Begins Transition To Contributory Pension Scheme — PENCOM Boss
Labour

Kogi Begins Transition To Contributory Pension Scheme — PENCOM Boss

July 9, 2025
NUT: A Stand For Truth, Unity And Progress — Western Bloc Speaks Out On Recent Misleading Press Release By Okun Stakeholders Forum
Economy

NUT: A Stand For Truth, Unity And Progress — Western Bloc Speaks Out On Recent Misleading Press Release By Okun Stakeholders Forum

June 23, 2025
Committee Of Friends Organises Reception In Honour Of Kogi Head Of Service, Elijah Evinemi
Labour

Committee Of Friends Organises Reception In Honour Of Kogi Head Of Service, Elijah Evinemi

June 17, 2025
Tinubu, Dangote Refinery And Mele Kyari’s Sack
Labour

TMSG Hails FG For Keeping Wage Award Promise, Asks States To Emulate Excellent Example

May 2, 2025
May Day : Ododo Extends Tax Holiday For Kogi Workers, Okays 65-Year Retirement Age For Health Workers
Labour

May Day : Ododo Extends Tax Holiday For Kogi Workers, Okays 65-Year Retirement Age For Health Workers

May 1, 2025
Next Post

SMEDAN to support 3,330 entrepreneurs with skills, equipment – Official

CBN drags 157 companies to court for diverting money for procurement of pre-paid meters

Elect credible leaders to move Nigeria out of crises, Tanko tasks voters

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Hajj 2025 : CBN Approves Cash-based BTA For Pilgrims To Ease Travel Demands

Hajj 2025 : NAHCON Transports 20,515 Nigerian Pilgrims To Saudi Arabia In One Week

3 months ago
Three U.S. Troops Killed In Jordan, 25 Others Injured

Three U.S. Troops Killed In Jordan, 25 Others Injured

2 years ago
Ododo Seeks Improved Collaboration Between Kogi, World Bank

Ododo Seeks Improved Collaboration Between Kogi, World Bank

1 year ago
NAHCON, Saudi Firm Sign Agreement On Hajj Services, Secure Discount

Kwara Intending Pilgrims Urged To Be Good Ambassadors

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

Canada Announces Plan To Recognise Palestinian State By September

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

Trending

Hardship : PDP Governors Meet In Asaba, Call On FG To Rejig Economic Policies
Politics

PDP Fixes September 27 For Conduct Of Fresh Congresses In Oyo, Kogi, Lagos, Borno, Adamawa, 8 Other States

by Vital News
August 2, 2025
0

The Peoples Democratic Party (PDP) has fixed Saturday, September 27, 2025 for the conduct of congresses that...

Abiodun Commissions Renovated Olumo Rock Tourism Complex, Declares Free Entry For Two Months

Abiodun Commissions Renovated Olumo Rock Tourism Complex, Declares Free Entry For Two Months

August 2, 2025
NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute

August 1, 2025
Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

July 31, 2025
Ododo Applauds President  Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

July 31, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • PDP Fixes September 27 For Conduct Of Fresh Congresses In Oyo, Kogi, Lagos, Borno, Adamawa, 8 Other States August 2, 2025
  • Abiodun Commissions Renovated Olumo Rock Tourism Complex, Declares Free Entry For Two Months August 2, 2025
  • NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute August 1, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In