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Access Bank Denies Sacking 75% Of Workforce, Closing Branches - Business - Nairaland

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Banks To Rationalise Staff, Branches As Costs Mount / Access Bank Denies Closing Branches Or Sacking Staff / Access Bank Denies Herbert Wigwe's Arrest (2) (3) (4)

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Access Bank Denies Sacking 75% Of Workforce, Closing Branches by NaijaRoyalty(m): 7:05am On May 05, 2020
Access Bank Plc on Monday debunked reports that it plans to sack 75 per cent of its workforce and as well close more than 300 branches.

The bank in a statement signed by the Company Secretary, Mr Sunday Ekwochi, obtained from the Nigerian Stock Exchange website described the news as malicious and a distraction from the genuine and compassionate plan to protect its workers and help keep jobs in the unfolding macroeconomic environment.

It said the closure of a bank branch was an action that required the approval of the Central Bank of Nigeria.

According to the bank, it has neither applied for this nor obtained the approval of the CBN for the closure of its branches as widely speculated.

“The bank has only suspended operations in some branches following the directive by the CBN.

“At the onset of the COVID-19 pandemic lockdown, we suspended in-branch operations at different locations as directed by the CBN and in line with business continuity plans at vulnerable spots; whilst we continued to provide services through our alternative digital platforms.

“In line with the phased re-opening of the economy effective May 4, following the Presidential directives, we will be resuming in-branch services in some of our affected branches in a programmed manner to ensure the health and safety of our employees and customers.

“This is also necessary to provide relevant contingency should there be any incident arising from the pandemic.

“We deny in its entirety the baseless and twisted speculation that the bank is sacking 75 per cent of its workforce,” said the statement.

It noted that based on the impact of the COVID-19 pandemic, not all its branches would be fully open for in-branch services until later in the year.

“This has made it impossible for many of our outsourced workers to perform duties as usual.“We have commenced engagement with various stakeholders with a view to ensuring that they provide the relevant services and optimum manpower as may be required by the bank on an on-going basis,” it added.

The bank, however, assured its esteemed stakeholders that it would continue to ensure that its actions and decisions are guided by fairness, justice, equity and good conscience.
https://punchng.com/access-bank-denies-sacking-75-workers-closing-branches/

2 Likes 5 Shares

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by NaijaRoyalty(m): 7:09am On May 05, 2020
Who's deceiving who

Buhari is deceiving us

Access Bank too wan dey deceive us .

Who we go trust ?

Guaranty Trust Bank? (GTB)
TRUST GUARANTEED.

161 Likes 5 Shares

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Pubichairs(m): 7:11am On May 05, 2020
cheesy

The point is what's buhari and his cohorts gonna do with the recovered Abacha loot...

The wads won't be enough for them to embezzle on useless stuffs that won't yeild any good to the nation, he'll end up borrowing again, what a useless individual.

APC dogs...any act from the presidency goes well for them...useless supporters

16 Likes 4 Shares

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by helinues: 7:11am On May 05, 2020
So Access bank also don dey play politics economics with sacking of workers

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Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by olamidedivotee(m): 7:12am On May 05, 2020
People Deceiving People

3 Likes

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Paperwhite(m): 7:14am On May 05, 2020
So why did it take Access bank days to issue a rebuttal? Nigeria is indeed a shithole nation.

26 Likes 1 Share

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by kerry57: 7:15am On May 05, 2020
When there are confirmations of staff who have received sack letters, u still come out to deny u did. U guys u are denying it now because cbn is halting any sacking process. The truth is u guys have been wanting to sack diamond bank acquired staff and waiting for the slightest opportunity to do that. Well only time will tell.

112 Likes 15 Shares

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Kennitrust(m): 7:15am On May 05, 2020
Nigeria doesn't have a reliable journalism

News in this part of the world is really confusing.

You read the way the news is composed and you relax your mind with the BELIEVES that the news is from a reliable source only for another blogger to come up with another claim.


Modified:

Nigeria is a very serious confusion.

11 Likes 2 Shares

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Kennitrust(m): 7:15am On May 05, 2020
If this news true, then it's a good news



The time would have been suicide for the workers if it was true
Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by jlinkd78(m): 7:15am On May 05, 2020
Truly what happens in Nigeria doesn't happen other places and I must blame Access Bank's media handlers for this communication breakdown and not being proactive enough in debunking this news when it came up https://www.google.com/url?sa=t&source=web&rct=j&url=http://saharareporters.com/2020/05/02/exclusive-pregnant-access-bank-cashier-collapses-lagos-after-receiving-sack-letter&ved=2ahUKEwjjppDXipzpAhVOxoUKHQ-pABcQxfQBMAN6BAgEEAQ&usg=AOvVaw0DWMZnE1w2hYT1TEvw0BPC. No matter what Access bank says now d most of us believe it's d CBN intervention dat stopped d impending job losses at Access bank and will only see this their belated explanation as a face saving attempt. Even d loquacious FFK queried how d Access bank owner Wigwe sleeps at night when he sacks his staff after releasing One Billion Naira to FG to support Covid 19 yet no rebuttal from d bank. The MD even talked about taking a 40% salary cut and all that thus lending credence to d story of downsizing https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.thecable.ng/take-40-pay-cut-access-bank-md-hints-salary-cuts-staff-sack/amp&ved=2ahUKEwjMlIr5j5zpAhWnyIUKHdLEB9QQFjAAegQIAhAB&usg=AOvVaw0LBGybP8iOlgGBpZOROd4W&ampcf=1. My advice is if u are a banker especially of Access begin to look for an alternative source of livelihood cos if truth be told with so much withdrawal across all banks without a commensurate deposits of funds d sacking of staff might appear inevitable.

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Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by CalabarPikin: 7:15am On May 05, 2020
grin

Fake news upandan....

D 1 to believe now na wahala..


75% haaa

1 Like 1 Share

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Kennitrust(m): 7:15am On May 05, 2020
With all these nonsense, one could support the bills against fake news.

Freedom of speech is not freedom of destruction na.




This just the reason journalist doesn't have respect anymore. undecided undecided

3 Likes 2 Shares

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Nobody: 7:16am On May 05, 2020
This has made it impossible for many of our outsourced workers to perform duties as usual.
This is the point

They are firing outsourced staff.

What difference does it make?

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Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by obajoey(m): 7:16am On May 05, 2020
They are not sacking their staff indirectly means-- they are not sacking their direct staff, only outsourced staff.

The way those banks treat contract staff ehen. If you have been there you will know it is an experience you may not forget so easily.

Those people no get empathy at all.

19 Likes 2 Shares

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Nobody: 7:16am On May 05, 2020
They want to UPGRADE to 5G network
Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by IMASTEX: 7:16am On May 05, 2020
Oga no need behaving like Nigeria politicians. You're a businessman and business is strictly for money making. You are simply doing what you see best to maintain your business for the now due to the obvious simple! Major bank transactions have been withdrawals and insignificant deposits because businesses are closed, so how would you make money if your running cost is high. It is the government that has failed the people. In a sane place, they should have been doing everything to keep businesses comfortable buy here, they are looking to businesses to beg from. And the reality is that salaries will be cutdown and many will still be sacked regrettably. Nigeria remained one of the riskiest place to fully depend on one source of income every employee should know that by now.

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Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Armstrong34(m): 7:16am On May 05, 2020
Lai Mohammed has recruited Access Bank into the APC membership caucus.. So it's not new to us

26 Likes 1 Share

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by MartinsD12(m): 7:17am On May 05, 2020
NaijaRoyalty:

https://punchng.com/access-bank-denies-sacking-75-workers-closing-branches/

What about those that were sacked, the pregnant woman taiwo others why are they lying

6 Likes 1 Share

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by RALPHOW(m): 7:17am On May 05, 2020
Access Bank staff should come out with their letters, if truly they were sacked.
Simple

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Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by dadexcel: 7:17am On May 05, 2020
NaijaRoyalty:

https://punchng.com/access-bank-denies-sacking-75-workers-closing-branches/

........they should rather admit the obvious and say they later changed their mind after CBN intervention....I saw the video where their MD talked about the retrenchment....

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Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Nobody: 7:17am On May 05, 2020
I smell saving face tactic here

1 Like

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by datola: 7:18am On May 05, 2020
"The bank has only suspended operations in some branches following the directive by the CBN.


Close beach and/ or supsend branch are closely related

3 Likes 1 Share

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Jubilancy(f): 7:18am On May 05, 2020
Of course they arent fools, it will backfire on the bank if they outrighly sack that many.... so ofcourse it's going to take place in batches... little offence you are gone .. and it's going to go on like that till everyone that's on their hit list is gone.... they like to hire and hire and hire... ofcourse they are still going to sack sack sack...

1 Like 1 Share

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Skyfornia(m): 7:18am On May 05, 2020
They indirectly admitted what they are denying

1 Like 2 Shares

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by ForeThinker: 7:18am On May 05, 2020
undecided

Access to unemployment

1 Like 2 Shares

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Debodimeji01(m): 7:18am On May 05, 2020
Jokers of a bank... something that a friend of mine confirmed some of her colleagues have already receiving letters... I will try get a snap shut of one of those letters let them come and debunk that one again.
They have learnt bad habits from this Government. Denying situations in the face of facts...

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Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by Philinho(m): 7:19am On May 05, 2020
That man is mad oo
Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by humilitypays(m): 7:19am On May 05, 2020
Foolish Access Bank management, fools!! Buhari and his league of lying liars of Presidency have corrupted most Nigerians, everybody now see lying publicly as a hobby angry

That is the disadvantage of having liars at the helm of affairs of a nation, others emulate them cry

7 Likes 1 Share

Re: Access Bank Denies Sacking 75% Of Workforce, Closing Branches by LordShiva97(m): 7:19am On May 05, 2020
Something is fishy.
This won't end well.

2 Likes 1 Share

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