• About
  • Advertise
  • Contact
Friday, September 12, 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

Dangote Debunks NUPENG Allegations, Restates Commitment To Labour Rights, Economic Development

Customs Appoints Four DCGs, 12 ACGs, Promotes 3,312 Senior Officers

Ebonyi State Increases Minimum Wage From N70,000 To N90,000

Safe Driving : Dangote Cement Recertifies Drivers, Installs Camera On 4,000 CNG Trucks

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

Dangote Spends N720bln To Acquire 4,000 CNG Trucks, Begins Free Distribution Of Fuel August 15
Labour

Dangote Debunks NUPENG Allegations, Restates Commitment To Labour Rights, Economic Development

September 12, 2025
Customs Appoints Four DCGs, 12 ACGs, Promotes 3,312 Senior Officers
Labour

Customs Appoints Four DCGs, 12 ACGs, Promotes 3,312 Senior Officers

September 3, 2025
Ebonyi State Increases Minimum Wage From N70,000 To N90,000
Labour

Ebonyi State Increases Minimum Wage From N70,000 To N90,000

August 28, 2025
Again, Dangote Industries Limited, Emerges Most Valuable Brand in Nigeria
Labour

Safe Driving : Dangote Cement Recertifies Drivers, Installs Camera On 4,000 CNG Trucks

August 27, 2025
Jubilation In Imo As Uzodimma Approves N104,000 As New Wage For Workers, Raises Doctors Pay To N503,000
Labour

Jubilation In Imo As Uzodimma Approves N104,000 As New Wage For Workers, Raises Doctors Pay To N503,000

August 27, 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

Tinubu, Kwankwaso Meet In Aso Rock

NNPP Writes INEC Over Logo, Directs Kwankwaso To Terminate MoU With Kwankwasia Group

2 years ago
Buhari Visits Kogi Dec. 29 To Commission Bello’s Legacy Projects

Kogi Sets Up Committee To Enforce Supreme Court Judgment On Validity Of Old N1,000, N500 Notes

3 years ago

NDA Graduates 129 Paratroopers

3 years ago
It Is True I am Currently On NYSC National Service – Hannatu Musawa Admits

It Is True I am Currently On NYSC National Service – Hannatu Musawa Admits

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

Survivors Hail Army, NFSS For Rescuing 17 Kidnapped Passengers In Kogi

Ododo Inaugurates CNG – Tricycles To Reduce Transport Fares In Kogi

FCCPC Recovers N10 billion For Consumers, Resolves 9, 091 Complaints In Five Months

INEC Recognises Mark, Aregbesola As New National Officers Of ADC

2025 IYD : LASG Promises To Continue To Initiate, Implement Youth – oriented Policies, Programmes

Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

Trending

Air Peace Pilots, Flight Attendant Test Positive For Alcohol, Cannabis After Runway Overrun Incident In Port Harcourt – NSIB
Aviation

Air Peace Pilots, Flight Attendant Test Positive For Alcohol, Cannabis After Runway Overrun Incident In Port Harcourt – NSIB

by Vital News
September 12, 2025
0

The Nigerian Safety Investigation Bureau (NSIB) has released its findings on the July 13th incident,involving an Air...

Dangote Spends N720bln To Acquire 4,000 CNG Trucks, Begins Free Distribution Of Fuel August 15

Dangote Debunks NUPENG Allegations, Restates Commitment To Labour Rights, Economic Development

September 12, 2025
We Are Not Owing Fees In Any Institution – PAP Says, Sets Records Straight On Claims By Novena University

Renewed Hope Agenda : PAP Sends 142 Beneficiaries To UK For Postgraduate Studies

September 12, 2025
Survivors Hail Army, NFSS For Rescuing 17 Kidnapped Passengers In Kogi

Survivors Hail Army, NFSS For Rescuing 17 Kidnapped Passengers In Kogi

September 11, 2025
Ododo Inaugurates CNG – Tricycles To Reduce Transport Fares In Kogi

Ododo Inaugurates CNG – Tricycles To Reduce Transport Fares In Kogi

September 11, 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

  • Air Peace Pilots, Flight Attendant Test Positive For Alcohol, Cannabis After Runway Overrun Incident In Port Harcourt – NSIB September 12, 2025
  • Dangote Debunks NUPENG Allegations, Restates Commitment To Labour Rights, Economic Development September 12, 2025
  • Renewed Hope Agenda : PAP Sends 142 Beneficiaries To UK For Postgraduate Studies September 12, 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