The Nigerian National Petroleum Company Limited has announced the compulsory retirement of all management staff with less than 15 months to statutory retirement.
The move is part of the company’s efforts to pursue effective organisational renewal to support the delivery of its strategic business objectives.
The national oil firm stated that the retirement of the affected workers was with immediate effect and would support the rejuvenation of its workforce.
The company also carried out employee reorganisations in its top management cadre, moving some senior officials to other arms of its ventures.
The announcement comes as part of an ongoing shake-up in the multi-billion dollar national company.