OVH Energy Marketing Ltd, formerly known as Oando Marketing Ltd, has retrenched about 100 of its workforce in a move to stay afloat as challenges in the downstream oil sector persist.

A top official of the firm was quoted by newsmen on Tuesday saying that the sacked workers had been paid their entitlements.

Oando Marketing Ltd. had in 2016 changed its brand name to OVH Energy Marketing Ltd, Igbere TV reports.

The company said the change of name was to reflect recapitalisation and corporate restructuring aimed at admitting new shareholders.

Group Head of External Relations and Communications, OVH Energy Marketing Ltd, Gogomary Oyet, however, said that about 70 workers were retrenched.

He said: “It was done after extensive discussions for over eight months at the local, zonal and national levels of the relevant unions.

“The severance package realised from these conversations were acceptable and signed by all parties before the implementation of the exercise.

“We have executed this exercise strictly in line with the terms of agreement which was approved and signed by all named chapters of PENGASSAN and OVH Energy Marketing’s management.”

Mr Oyet also said the company had introduced a voluntary exit package for workers who were not affected by the severance exercise but wished to move ahead with other ventures.

Retrenchment had begun in the firm since December 2018 with scores of workers yet to know their fate.

http://igberetvnews.com/959693/just-in-oando-sacks-100-workers/

The decline has started..... recession has arrived!

Buharism!

Which way Nigeria?

Hmmn, next level indeed.

100 wot?
But why, unemployment rate in Nig + another 100 just like that, this is not palatable at all.

I'm procuring this company soon

No single good news for FrontPage today..Fight..Kill.Burn..Die..
No b dem for sell d country gv everybody deir share make we find our way

Lomachenko is the guy to beat Mayweather

On top hardness wey dey dis country. See die finish!

But political propaganda dey this country oo.

Remember that time Agip was turned Oando. People were saying it means Olusegun and Obasanjo (O and O). That Obj bought acquired it for himself.

What do I know, I still don't know the owners of the company till today so I can't say the propaganda is false.

In politics, it's difficult to sift the truth from lies. No good intentions, just selfish interests.

Mr Oyet also said the company had introduced a voluntary exit package for workers who were not affected by the severance exercise but wished to move ahead with other ventures.

This is why it is always good to have something to fall back on at times like this.

Morals : BE YOUR OWN BOSS!

aremso:


The Best comment of the month but many will still be running rat race!

Thank you sir.
We hope people learn something from this!

It is well oo

Next job yahoo yahoo ..

This is one of the reasons why Nigerians leave for South Africa

#TheCountryIsSoMessedUp

It is well

WNRblog:
OVH Energy Marketing Ltd, formerly known as Oando Marketing Ltd, has retrenched about 100 of its workforce in a move to stay afloat as challenges in the downstream oil sector persist.

A top official of the firm was quoted by newsmen on Tuesday saying that the sacked workers had been paid their entitlements.

Oando Marketing Ltd. had in 2016 changed its brand name to OVH Energy Marketing Ltd, Igbere TV reports.

The company said the change of name was to reflect recapitalisation and corporate restructuring aimed at admitting new shareholders.

Group Head of External Relations and Communications, OVH Energy Marketing Ltd, Gogomary Oyet, however, said that about 70 workers were retrenched.

He said: “It was done after extensive discussions for over eight months at the local, zonal and national levels of the relevant unions.

“The severance package realised from these conversations were acceptable and signed by all parties before the implementation of the exercise.

“We have executed this exercise strictly in line with the terms of agreement which was approved and signed by all named chapters of PENGASSAN and OVH Energy Marketing’s management.”

Mr Oyet also said the company had introduced a voluntary exit package for workers who were not affected by the severance exercise but wished to move ahead with other ventures.

Retrenchment had begun in the firm since December 2018 with scores of workers yet to know their fate.

http://igberetvnews.com/959693/just-in-oando-sacks-100-workers/

TINUBU AND MOST OF OUR AFRICAN BUSINESS LIVE FAKE LIVES AND RUN THEIR BUSINESS FROM MONEY SOURCED FROM OUR COLLECTIVE COMMONWEALTH.

Donald Duke is now Indebted with his Ikoyi house seized.

P & Id is threathening to seize Nigeria 's asset overseas.

Is Nigeria Hell or is Hell Nigeria

Lord help your people o

100 what?That's a xenophobia attack of the highest order!

Some slay mamas will port......sharpedly.

Sad
High pay is high risk.

Destined2win:
I'm procuring this company soon

in your dreams!

This is why Kiyosaki always tell people that the idea of 'going to school to acquire a certificate and use it to get a job' is OUTDATED in this 21st century.
STOP WORKING FOR OTHER PEOPLE...
WORK FOR YOURSELF.

This is serious.
It is well with the affected workers.

Thank God for unions

Why

Okay

SleakBuzzPR:
Lomachenko is the guy to beat Mayweather

Indeed,how old is Money May?

herakles:


in your dreams!

It's becoming a reality buddy