Restructuring: NNPCL Retires Employees With 15 Months To Retirement

All management workers with fewer than 15 months before mandatory retirement have been forced to retire by Nigerian National Petroleum Company Limited.

In an early Tuesday morning release, the company stated that the affected employees’ retirement was effective immediately, emphasizing that the move would assist its business objectives.

According to the NNPCL’s official X (previously Twitter) handle, “In our bid to pursue effective organizational renewal to support the delivery of our strategic business objectives, it has become imperative to rejuvenate our workforce.

“Consequently, in addition to the recent exit of three Executive Vice Presidents, other management staff with less than 15 months to statutory retirement will be exiting the company effective September 19, 2023.

“This is in line with our commitment to scale up NNPC Ltd.’s capabilities through targeted talent management and equal opportunity for all Nigerians.”