Fairness in life and in business is so important. It helps
us keep level headed, and striving to change the world for the better. From
human rights to industry competition, fairness makes the world go round and
ensures we never settle for anything other than what’s right.
Some will say for an institution that made N40B as profit in Q1 and has N6 Billion average monthly wage bill, why the rush?. It looks more like a pre-conceived idea to shed off some weight acquired as a result of the merger.
The report was published hours before a video of the conference call was leaked on social media showing Access Bank CEO, Herbert Wigwe, talking about layoffs and pay cuts.
Wigwe lamented the disruption caused by the highly infectious coronavirus and said the bank will not need as many workers as it currently has on its payroll. He said this will need significant trimming to balance the books.
"We probably don't need as many security men as required, especially as we don't have all our branches open between now and December.
"We don't need all the security men, cleaners, tellers, etc. That number of staff, which represents 75% of our staff strength, I think is one that we basically need to speak to their employers with the view to getting them to rationalise to the levels that we think will be necessary to basically sustain a lean, but actually customer service-oriented institution," he said.
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