NNPC Will Sack This Number Of Work-Force In Days To Come

• There are strong indications that at least 700 more staff of the Nigerian National Petroleum Corporation (NNPC)  will be relieved of their posts by the Presidency and management, according to a source.
• The source further said that staff on salary grade M5, who are mostly senior managers, would likely be affected, adding that this would amount to a massive shakeup in the troubled corporation, which is being repositioned by the new management.
• Stakeholders said at the weekend, that the only solution in the restructuring is effective monitoring of the operations, which should be based on transparent processes.
• They said the original  plan of the management was to pay-off such employees with at least five years of service to go, but when it realised  that the computed severance  package  was huge , it scaled down those listed  to employees with  one  and half  years to  retirement.
• Our source said the bulk of  those to be affected by the next round of lay-offs would be those of  the subsidiaries and that the exercise would be conducted by the new  Group  General Managers. 

Source: Business Day