The Management of Access Bank has said that 75% of the bank’s workforce will be retrenched as a result of the COVID-19 lockdown.
Mr Wiwge made this known via a video conference with staffs of the company recently. He said majority of those that will be affected are outsourced staffs who do not offer essential services.
According to his statement:
“We probably don’t need as many securitymen as required, even to the fact that we are not gonna have all our branches open between now and December. We don’t need all the tea girls. We don’t need all the cleaners. We don’t need all the tellers etcetera, etcetera,”
Access Bank MD. smh. pic.twitter.com/xsBjGRDDPm
— Poju (@pojugreat) April 30, 2020
In addition, Mr Wiwge also said that other staffs of the bank including him will be taking a pay cut to cut down cost.
“I will be the first to take the hit and I’m gonna take the largest pay cut, which would be as much as 40 percent. The rest we would have to cascade right through the institution. Everybody may have to make some adjustments of some sort.”