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Home Labour

NNPC moves to induce voluntary retirement of 500 managers

Vital News by Vital News
July 27, 2022
in Labour
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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.”

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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
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