₦airaland Forum

If you have not seen the trending video by Access Bank Plc MD/ CEO Herbert Wigwe talking about firing some "non-essential" staffs you have not been paying attention.

https://www.youtube.com/watch?v=fX0HYZdL7HY

Rightly like most, I am somewhat saddened by its content and want to get my frustration out, I feel we all should be asking questions here.

1: Are cleaners, security men and women "non-essential staffs"? For how long have they been "non-essential staffs"?
2: Outsourcing company:
- Should they be regulated? Prevented from sending massively underpaid staff to the financial sectors?
- Should any work that lasts more than 6 months in any form be allowed to be filled with temporary staff?
3: Access Bank Plc:
- If this is a cost-saving ritual, do these 70% largely outsourced "non-essential staff" EARN more than the remaining 30% (including the top management)?
- Should the bank investigate and fire (the only armo they seem to have and love using) who leaked the video?
- Should an employee be even considering recording a private company meeting?
- Should the CEO not try to save costs in these environments where revenues are certain to head south?
- Did the CEO go after people that represent simple numbers on a screen instead of his close c-suits team?
4: Nigeria (A country is never ready-even in the good times)
- Should naija ban outsourcing staffs
- Should naija have unemployment benefit programs?
- Should naija step in right now and prevent firms from laying off their staff? Using grants, forgivable loans, threats (of nationalization) if necessary.

Sadly things will only get worst:
- next, it will be the oil companies (with negative oil prices)
- the banks that have exposures to the oil companies
- state governors abandoning the minimum wage pledge (I hope they don't)
- Federal government cutting budgets
- construction firms etc
- people buying only "essentials" affecting services and more

No one can be prepared for a pandemic, however, neither Nigeria nor most Nigeria CEOs nor most employees were prepared for any kind of downturn. We were set for perfection until COVID 19 hit.
I pray and hope COVID -19 will join the history books soonest and its lessons will stay with us.

I am sure you more questions and answers please drop them in the comment below.

So sad...ABN messed up big time... giving to the greedy instead of the needy.

At least Dangote didn't sack

This too shall pass and we will survive it.

The op is not being factual but rather sentimental.
I feel for those that will lose their jobs though but it'll happen, not only in Nigeria but worldwide.

heykims:
The op is not being factual but rather sentimental.
I feel for those that will lose their jobs though but it'll happen, not only in Nigeria but worldwide.

I pray your love one's doesn't lose their too