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Nairaland Forum / Nairaland / General / Career / Access Bank To Cut Staff Salaries, Retrench 75% Of Workers (80122 Views)
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Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by lalasticlala(m): 8:09am On May 01, 2020 |
COVID-19 Distress: Access Bank To Lay Off 75% Of Staff, Says MD Herbert Wigwe Source: https://www.thetrentonline.com/covid-19-distress-access-bank-to-lay-off-75-of-staff-says-md-herbert-wigwe/amp/?__twitter_impression=true Nigeria’s Access Bank to Cut Staff Salaries to Avoid Job Losses - Bloomberg Source: https://www.bloomberg.com/news/articles/2020-04-30/nigeria-s-access-bank-to-cut-staff-salaries-to-avoid-job-losses?utm_campaign=socialflow-organic&utm_content=africa&utm_source=twitter&cmpid%3D=socialflow-twitter-africa&utm_medium=social&__twitter_impression=true 3 Likes 10 Shares
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Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by SmellingAnus(m): 8:10am On May 01, 2020 |
Person wey lose him job this period then go contact Corona virus that one na double wahala for deadybody... 142 Likes 6 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by DonMustafa: 8:12am On May 01, 2020 |
It is better to cut staff salaries than to sack them. Even if the staffs will hunt for other jobs, at least something still comes in monthly to pay bills. Complete sack is terrible. 342 Likes 16 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by menix(m): 8:12am On May 01, 2020 |
They should better ask FG to refund their 1 billion naira nd use same to pay salaries.. Small small Covid 20 (hunger nd suffering) is setting in.. Uwa Mmebi.. 224 Likes 6 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by majamajic(m): 8:12am On May 01, 2020 |
I was talking with one salary earner , he said he wish the lockdown never ends , he was full of confident I laughed him , 275 Likes 13 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by manuel4real(m): 8:12am On May 01, 2020 |
It's better than being sacked 6 Likes 3 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by Franchise21(m): 8:12am On May 01, 2020 |
What ![]() |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by jasmine1600: 8:12am On May 01, 2020 |
Nigerians don’t even know the present harsh economic situation they are in. Expect other institutions to follow suite. We presently have a government tht have ran out of propaganda, tht don’t even kn how to face the problem squarely. 97 Likes 4 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by 9jaRealist: 8:12am On May 01, 2020 |
. THE HEADLINE IS A TAD MISLEADING.... Access Bank outsources most of its NON-BANK functions (such as security, cleaners, etc.). Those people are not employed directly by the bank itself, but rather by third-party subcontractors. It is these services that Access Bank intends to rationalize, which would end up presumably disengaging about 75% of such contracted persons. Doubtful that more than a small percentage of actual Access Bank core staff will be disengaged (albeit there are probably several areas of duplication post-merger with Diamond Bank that might be trimmed during this crisis). Either way, some people are due for pain and an uncertain near-future... Perhaps all those generous Access Bank Covid donations should have been reserved for these folks. Good luck to all. > 108 Likes 7 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by fulaniHERDSman(m): 8:13am On May 01, 2020 |
![]() Na who come remain ooooh!! 3 Likes 1 Share |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by u11ae1013: 8:13am On May 01, 2020 |
It's funny that most of the people who were agitating for lockdown extension would be affected by this job losses, they will now know what it means to earn a daily living and know what faced during this one month without salary and assistance from the government. I am not a prophet neither am I trying to sound negative, but a lot will die of suicide and frustration 62 Likes 2 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by tasceige(m): 8:13am On May 01, 2020 |
Access bank is not alone in this, even my company. If you have your job intact after this pandemic, you don't know what God had done for you. 207 Likes 14 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by wman(m): 8:13am On May 01, 2020 |
Oh my God. ![]() ![]() ![]() ![]() ![]() ![]() I really feel for those non-essential workers. And many of those that previously worked in Diamond Bank. Especially those Diamond bank branches close to an Access Bank branch. We have too many branches of both banks few feet away from each other. I really hope some of those workers saw this coming and took measures to cushion the incoming retrenchment. For those talking about a 1 billion naira donation. 7000 people x N100,000 = N700,000,000 or N700 million in a month. Their permanent staff is just 7000. Their temporary/contract workers are far more than that. Also, many workers collect far more than N100k. So that N1 billion is far less than their salary budget for a month. Access Bank has a total staff strength of 28,000 with a personnel expenditure of N76 billion in 2019. That's over N6 billion a month. You must also realise that some of these donations are eye-service that is key to getting contracts and favors from the government. Also, it is a PR move. In the next few years, they will tell investors and the general public how they helped Nigerians during the Covid-19 crisis. Everything is well-calculated and factored out. There will be a global recession, and it makes no sense to have a bloated workforce. In the end, I blame China for all these. 291 Likes 27 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by NaijaOlosho(f): 8:13am On May 01, 2020 |
Hmmmm ![]() 1 Like 1 Share |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by Jeromejnr(m): 8:13am On May 01, 2020 |
The realities of the universe have no care about your dreams, plans and future ambitions. In a day, disruptions can occur and all will be lost. So will the coming of the Son of man be. Amend your priorities. 74 Likes 6 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by MyVILLAGEpeople(m): 8:13am On May 01, 2020 |
E don happen. |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by Nobody: 8:13am On May 01, 2020 |
No job security anymore The banking industry will be worse 6 Likes 1 Share |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by ikombe: 8:13am On May 01, 2020 |
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Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by leo047: 8:13am On May 01, 2020 |
There is nothing wrong with Access Bank's decision. We must realise that access bank is a business, not a charity. That they donated billions is irrelevant. That's what almost anywise thinking business would do for the PR. It boosts the business image. 43 Likes 3 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by Galaticos444: 8:13am On May 01, 2020 |
Naija banks are d most laziest and mediocrity set of banks in d entire world.the only tin they ar gud at is to carry out all kind of daily,weekly,monthly deductions 4rm their customers and dat brings d question wot do dey do with dose money cos dey make alot of fortunes 4rm such deductions 16 Likes |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by KellyFORMAT(m): 8:14am On May 01, 2020 |
. |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by unnknown: 8:14am On May 01, 2020 |
Part two of recession is here. 5 Likes 1 Share |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by Ladycewhy(f): 8:14am On May 01, 2020 |
Pretends to be shocked ![]() 2 Likes |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by Ambode4g(m): 8:14am On May 01, 2020 |
Nawa o access bank staffs right now 1 Like
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Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by Pavore9: 8:14am On May 01, 2020 |
Scary! ![]() ![]() 1 Like |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by Amoto05(m): 8:14am On May 01, 2020 |
We actually expected this. So we are nor surprised 10 Likes |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by vikkeee(m): 8:14am On May 01, 2020 |
after them dash FG 1 billion say na donation 11 Likes |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by tallerSSS: 8:14am On May 01, 2020 |
No more joy again |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by Jalinspy(f): 8:14am On May 01, 2020 |
Those who knows how the economy works will surely anticipate this. This is partly a reason sensible countries are paying their citizens some monies to ease the effect of this pandemic, but in naija its the highest thief gets it all. Nonsense country 11 Likes |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by MANNABBQGRILLS: 8:14am On May 01, 2020 |
75% what ![]() ![]() ![]() Who go come remain for the bank? Only senior staff? Coronavirus, this is not just fair, we saw somewhere here yesterday that over 30 million Americans are currently without jobs. Sh#t ain't funny! 16 Likes 5 Shares |
Re: Access Bank To Cut Staff Salaries, Retrench 75% Of Workers by Kingrefreshed: 8:14am On May 01, 2020 |
lalasticlala: 75% is too much naaa. Na to start to the bomb be dey koko now ! Nigeria is a mess ! |
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