After donating N1bn to FG, Access Bank sacks 800 workers, slashes others salaries by 40%

Barely few weeks after donating one Billion naira as part of her support to the fight against the Coronavirus (COVID-19) global pandemic, Access Bank on thursday sacked several workers and slashed salaries of retained staff.

It was gathered that about 800 workers were secretly dismissed across branches in the country with singular reason of not not needing their services any longer. 

Mouthpiece NGR learnt most of those affected comprises of contract staff, office assistants, drivers, front desk tellers, account and clearing support staff, customer service officers and marketing associates.

The salaries of retained staff were equally slashed between 20%-40% and according to the management level of each staff. 

According to a source, Access bank, just like other banks are facing threat of rising bad-debt levels due to crash in oil prices which also coincided with the Covid-19 pandemic that has halted business activities. 

Another undisclosed source however said the exercise was based on the outcome of recent staff appraisals which set a baseline to assess staff performance.

“it’s a usual practice where those who failed to meet some key performance indicators and a scorecard spelt out at the beginning of the year are temporarily or permanently relieved of their jobs.”

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