Not less than 75 per cent of Access Bank workforce will lose their jobs as the institution has disengaged its non-essential workers.
This development was made known by the bank’s Group Managing Director, Herbert Wigwe via a video broadcast on Thursday.
Wigwe explained the reason for the sack of those he referred to as non-essential workers and slashing the salaries of the remaining workforce.
Wigwe added that he would also cut 40 per cent off his own salary and then replicate the pay-cut through the institution.
He said the decision was a difficult one but had to protect Access Bank’s franchise and keep the financial institution strong.
He added “We probably don’t need as many security men as usual, even as we are not going to have all our branches open between now and December. We certainly don’t need all the security men; we don’t need the tea girls; we don’t need all the cleaners; we don’t need all the tellers etc, etc.
“That number of staff which represents 75 per cent of our staff strength is the one we need to speak to their employers, to rationalize, to basically sustain a lean but actually customer-service oriented institution.”
Watch the Video
The bank has however been called out by some reactions on Twitter.
A user said, “Access Bank donated N1 billion to FG in the name of fighting Covid-19. Then this month, they cut salaries of employees. In the name of hard times. Donate money to people that didn’t ask. Starve people who work for you.”