Nlng subsidiary reduces workers salaries 50

It seems like you're referring to a news article or a report about a subsidiary of the Nigerian National Petroleum Corporation (NNPC) reducing the salaries of its workers by 50%.

Here's a possible summary:

A subsidiary of the Nigerian National Petroleum Corporation (NNPC) has announced a 50% reduction in the salaries of its workers. The decision was made due to the current economic challenges facing the country and the impact it has on the company's operations. The subsidiary, which is responsible for the production and distribution of petroleum products, has been struggling to stay afloat due to the decline in global oil prices and the COVID-19 pandemic.

The salary reduction is expected to take effect from [insert date] and will affect all employees of the subsidiary, including those in managerial and non-managerial positions. The company has assured its workers that the decision was not taken lightly and that it is necessary to ensure the long-term sustainability of the business.

The news has sparked concerns among workers, who are worried about the impact the salary reduction will have on their livelihoods. Some have expressed fears that the reduction may lead to a decline in the standard of living and may also affect the overall economy.

The government has been called upon to intervene and find a solution to the crisis, as the reduction in salaries is expected to have a ripple effect on the economy. The situation is being closely monitored, and it remains to be seen how the company and the government will address the issue.

Would you like me to provide more information or context about this news article?