Home > Breaking news > 3,000 Sacked As Multinational Oil Companies Pull Out

3,000 Sacked As Multinational Oil Companies Pull Out

He said if the Federal Government fails to stop the ongoing massive retrenchment in the sector, many oil workers would be sacked by their employers.

“It is painful to say as I address you, Chevron has wound up in the East and their offices closed. A total of 1,500 workers were sacked without their entitlements and nobody is saying anything. As we speak, many companies have left and many others are winding up to go.

“Many oil companies are winding up, including ExxonMobil, Pan Ocean, Sapiem Ground Petroleum, and Hercules Offshore Nigeria Limited. About 3,000 workers have already been sacked by the various oil companies.

“The Federal Government should act fast to avert further loss of jobs. There is too much redundancy in the oil industry, which needs urgent action from government to salvage the situation,” Achese said.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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