Home News Access Bank Sacks 161 Sales Agents, 21 Are From Ibadan Branches

Access Bank Sacks 161 Sales Agents, 21 Are From Ibadan Branches

Access Bank Plc. has sacked 161 sales agents from its branches nationwide, 21 of which are from Ibaban.
OYOINSIGHT.COM gathered this from a top source in the financial institution on Friday morning.
According to the source, the direct sales agents were sacked due to the COVID-19 lockdown in various parts of the country.
In a leaked zoom call, The Group Managing Director/CEO, of the Bank Plc, Herbert Wigwe, hinted at an impeding mass sack of about 75 percent of the bank’s workforce.
The GMD also hinted that the financial institution will close some of its branches in the country as part of measures to keep the bank afloat in the post COVID-19 world.
Newsexpress quoted the GMD saying: “We don’t need as many security men as required. Even to the fact that we are not going to have all of our branches open between now and December.
“We certainly don’t need all the security men, we don’t need all the tea girls; we don’t need all the tellers, etcetera. So, that number of staff which represents 75 per cent of our staff strength, is one that, I think, we basically need to speak with their employers with the view to getting them to rationalise to the levels that we think will be necessary to basically sustain a mean but actually customer-service oriented institution.
On pay cut, Wigwe said: “I will be the first to take the hit and I’m going to take the largest pay cut which will be as much as 40 per cent. The rest I will have to cascade right through the institution. Everybody may have to make some adjustments of some sort.”
However, Abdul Imoyo, the Head of Corporate Communications at Access Bank, declined to comment on the issue. “I have no reaction,” he said.
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