Thursday, 03 December 2020

B Business

NIGERIAN CONTENT POLICY: About 1,000 laid off as labor dispute endangers Content policy

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

The Federal Government’s much avowed local content policy appears to be endangered following prevailing war by labor leaders against fledgling indigenous service companies that form the engine of the policy drive, as about 1,000 staff of companies were laid off recently.

 

It was gathered that labor crisis in the service segment of the petroleum industry arose from futile struggle by indigenous companies to retain indigenous workers they groomed under various capacity building programmes that took substantial investments.

The workers’ unions protest boils down to financial entitlements while the oil service companies point at low oil price cycles, dearth and outright cancellation of contracts by operators whose projects have dropped from investment tables, as well as elongated downtime due to call-off contracts.

Currently, over 17 indigenous service companies based in Port Harcourt, Rivers State, are battling to save their businesses from impact of attacks from National Union of Petroleum and Natural Gas Workers, and over unresolved entitlement issue.

 

 

 

Contact Information

Gotel Communications Ltd,
Modire Hills,
Off Mubi Expressway,
Jimeta-Yola,
Adamawa State,
Nigeria.

Email:

info@gotelonline.net

Contact no:

+2348031525173
+2348033243136