Major oil companies in Nigeria have said they are planning a mass sack following the dwindling price of oil in the International market. At a meeting between the Minister of Labor and Productivity, Chris Ngige and the managements of International Oil Compananies (IOCs) in Nigeria comprising of Agip, Mobil producing, Chevron Addax and Total, the Head of Human Resources and Medical, Chevron Nigeria Limited, Ihuoma Onyearugheto, said the plan to lay off some workers in the sector is as a result of the current challenges facing the industry. “The issue of laying people off is not a decision that comes lightly. I will not come here to tell you that people are being laid off or not. The situation in the oil company is dire. We want to ask for more understanding in appreciation of the challenges we face” she said. During the meeting, Chris Ngige appealed to the oil marketers and companies not to lay off people as Nigeria is facing a lot of social security problems and could not to afford more problems through job cuts “The oil majors in Nigeria must therefore bend backwards and see what they can plough back from their profits to keep Nigerian workers on their duty posts. Keep the existing jobs. We have a downturn today but you can be sure it will not last forever. If you are not creating new jobs, let us keep the ones we have. That is what this government is pleading and we must emphasise that is what we want.”he said.
I scour the world wide web to bring you interesting stories from around the globe. bayonel3@gmailcom
Posted: at 5-02-2016 11:07 AM (8 years ago) | Addicted Hero
Linconblack at 5-02-2016 11:26 AM (8 years ago) (m)
Quote from: Sunday Maxwell on 5-02-2016 11:14 AM
This problem affects the whole world, God help us all.
Wrong comment, the fall of oil price only affects countries that rely so much on oil as there survival means ,e.g. Nigeria. Here in the usa reverse is the case the fall of oil in the international market has been a blessing to us here because it reduces drastically at pump price. In my state it sells at $3.96 per galon before the oil price falls, now it sells at $1.50 per gallon , we are smiling here.
Posted: at 5-02-2016 11:26 AM (8 years ago) | Upcoming
what does fall in oil price get to do with workers?I don't know why some government agencies can be so gullible,so they've been the ones behind the increase in fuel price and we are insulting the government and party,who is the government,is it not me and you?
Posted: at 5-02-2016 11:42 AM (8 years ago) | Hero
Linconblack at 5-02-2016 12:07 PM (8 years ago) (m)
Quote from: Bamidele adesoye george on 5-02-2016 11:42 AM
what does fall in oil price get to do with workers?I don't know why some government agencies can be so gullible,so they've been the ones behind the increase in fuel price and we are insulting the government and party,who is the government,is it not me and you?
Because when you running a business on defecit is bad, simply means pumping monies into a business with no profit coming in. U will be forced to shut down business or downsize to sustain your capacity.
Posted: at 5-02-2016 12:07 PM (8 years ago) | Upcoming
Yup" real bad news. Wot Nigeria need now is to diversify both human and the untapped natural resources that we have to our advantage. That is the only solution to the economy crisis facing Nigeria.
Posted: at 5-02-2016 12:14 PM (8 years ago) | Upcoming
the fall of oil price only affects countries that rely so much on oil as there survival means ,e.g. Nigeria. Here in the usa reverse is the case the fall of oil in the international market has been a blessing to us here because it reduces drastically at pump price. In my state it sells at $3.96 per galon before the oil price falls, now it sells at $1.50 per gallon
Posted: at 7-02-2016 07:05 AM (8 years ago) | Gistmaniac
maxzy277
concentrate
gogoman
Linconblack
rashjr
akinmanchy
ujmaria
favuman
Trueyarn
Eazyatumeyi
Ennyolalekan
kp45
dareper
winace
emma4love3
Mopera
TRENDING GISTS 
Come Out And Confess Why You Kill Mohbad - Ghanaian Prophet Who Prophesied Junior Pope’s Death Calls Sam Larry
My Mother, Enemy Of Progres!Man Reveals How His Mother Ended His Plans To Travel Out Of Nigeria
I'm Yet To Be Contacted By NFF – Peseiro Breaks Silence On Super Eagles' Return
UPDATE: Security Operatives Launch Manhunt For 109 Fleeing Inmates Of Suleja Prison
How Police Inspector Aliyu Taofeek Sent Patrick Chinemerem to His Early Grave in Lagos
Popular Ghanaian Media Personality, Serwaa Amihere Finally Reacts To Her Leaked S3x Tape