• About
  • Advertise
  • Contact
Tuesday, July 21, 2026
  • 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

Governor Abiodun Extends Work Palliative, Transport Allowance For Ogun Civil Servants

MHWUN Demands N550,000 Living Wage, Seeks Stronger Security, Gender Inclusion For Health Workers

Abiodun Approves Appointment Of Six New Permanent Secretaries

Orire Abductions : Oyo NUT Suspends Strike, Directs Teachers To Resume Thursday, July 2

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

66 Hearty Cheers For Dapo Abiodun, The People’s Governor
Labour

Governor Abiodun Extends Work Palliative, Transport Allowance For Ogun Civil Servants

July 16, 2026
MHWUN Demands N550,000 Living Wage, Seeks Stronger Security, Gender Inclusion For Health Workers
Health

MHWUN Demands N550,000 Living Wage, Seeks Stronger Security, Gender Inclusion For Health Workers

July 15, 2026
66 Hearty Cheers For Dapo Abiodun, The People’s Governor
Labour

Abiodun Approves Appointment Of Six New Permanent Secretaries

July 3, 2026
Orire Abductions : Oyo NUT Suspends Strike, Directs Teachers To Resume Thursday, July 2
Education

Orire Abductions : Oyo NUT Suspends Strike, Directs Teachers To Resume Thursday, July 2

July 1, 2026
Benue Gets Acting Head Of Service
Labour

Benue Gets Acting Head Of Service

June 4, 2026
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

June 12 : Democracy Must Deliver Justice, Freedom, Inclusive Governance — NBA President

June 12 : Democracy Must Deliver Justice, Freedom, Inclusive Governance — NBA President

1 year ago
I Will Destroy Structure Holding Nigerians Down, Says Obi At Chatham House

Peter Obi Has Committed Treason – FG

3 years ago
President Tinubu, Osifo To Slug It Out As APC Adopts Direct Primary for 2027 Presidential Ticket

Ahead APC Primary, AbdulRazaq Endorses Yahaya Seriki As Preferred Successor As Kwara Next Governor

2 months ago
I will Prioritise Job Creation, Employment For Youth, Women If Elected President – Atiku

I will Prioritise Job Creation, Employment For Youth, Women If Elected President – Atiku

4 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
  • Housing
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

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

Highlights

Olori Eyo, Kabiru Adeshina Oshodi Dies At 72, Omo Epetedo Forum Mourns

Leading Kogi Traditional Ruler, Olu Of Magongo Joins Ancestors, Magongo Development Association Mourns

Crisis Looms As Oil Marketers Stop Lifting Petrol From Dangote Refinery Over Price

Four Police Officers In Trouble For Extorting N53,000 From Chairman Of ICPC, FCT Police Chief Says Culprits Face Dismisal

Banditry : Arrested ‘Ansaru Leaders’ Make U-turn, Plead Guilty To 32 Terrorism Charges

Opposition To FRSC’s Bus-preaching Bill Exposes Your Selfish Agenda, MURIC To Christian Leaders ‎

Trending

President Tinubu Appoints ex-Governor Fayose Chairman Of REA, 25 Others Into 10 Federal Agencies
News

President Tinubu Appoints ex-Governor Fayose Chairman Of REA, 25 Others Into 10 Federal Agencies

by Vital News
July 20, 2026
0

President Bola Ahmed Tinubu has announced 26 new appointments into 10 Federal Government agencies and commissions, with...

Signal Betrayed, General Uba Slaughtered, ISWAP Shows Deadly Reach In Borno

Intelligence Is The Grandfather Of Successful Military Operations By Oluseyi Petinrin

July 20, 2026
Banditry : Arrested ‘Ansaru Leaders’ Make U-turn, Plead Guilty To 32 Terrorism Charges

DSS Kicks Against Life Sentence On Two Ansaru Terrorist Commanders, Seeks Maximum Death Penalty

July 20, 2026
Olori Eyo, Kabiru Adeshina Oshodi Dies At 72, Omo Epetedo Forum Mourns

Olori Eyo, Kabiru Adeshina Oshodi Dies At 72, Omo Epetedo Forum Mourns

July 20, 2026
Leading Kogi Traditional Ruler, Olu Of Magongo Joins Ancestors, Magongo Development Association Mourns

Leading Kogi Traditional Ruler, Olu Of Magongo Joins Ancestors, Magongo Development Association Mourns

July 20, 2026
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

  • President Tinubu Appoints ex-Governor Fayose Chairman Of REA, 25 Others Into 10 Federal Agencies July 20, 2026
  • Intelligence Is The Grandfather Of Successful Military Operations By Oluseyi Petinrin July 20, 2026
  • DSS Kicks Against Life Sentence On Two Ansaru Terrorist Commanders, Seeks Maximum Death Penalty July 20, 2026

Categories

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