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    Access Bank: Why did you then donate N1billion to FG? – Nigerians react to decision to axe 75% of workforce, slash salaries

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    Earlier, the Group Managing Director of Access Bank Plc, Herbert Wigwe, in a video, hinted that the financial institution would be engaging in mass retrenchment as seventy-five per cent of the bank staff strength are no longer needed.

    Wigwe said the planned mass retrenchment of its workforce is due to the outcome of the COVID-19 pandemic and the resultant lockdown.

    The MD, who spoke via video conferencing in a town hall meeting with the bank’s staff, expressed his regret.

    He said those to be affected by the mass retrenchment are 75% of the bank’s staff, most of whom are outsourced and are offering “non-essential services”.

    Moments after the development was reported, it became a trending topic on social media — which means that it has been presented before the citizens court.

    Nigerians taking to Twitter, condemned the bank for donating 1 billion naira to the federal government’s COVID-19 fight only to end up making plans to retrench its staff and cut salaries.

    See reactions below:

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