Mr Herbert Wigwe, CEO
Following the coronavirus pandemic and its economic effect on businesses across the world, business owners and leaders of organizations are obligated to make responsible decisions to keep their companies afloat.
Making this disclosure on Monday, Chief Executive Officer of Access Bank Plc, Mr Herbert Wigwe said the salary restructuring across the institution is as a result of the impact of COVID-19.
Wigwe said, “We are today, as an institution faced with the current economic crisis resulting from the pandemic, we have taken certain measures to control costs across the institution at all levels, to achieve greater efficiency and continue to run a profitable business post COVID-19.
“As an employer of over 30,000 employees, our employees are our greatest assets. We understand how difficult these times are and we determined to ensure that our staff are still in employment. To keep to this commitment, we have made a decision at management level to restructure salaries. This will start with me, who will have a salary restructure of 40%, while other employees will have their salaries slightly reduced as well. It has become essential to take this decision in the interim, considering economic realities and hope to reverse it as soon as economic activities become stable”.
He assured customers of smooth customer service experience, to enable them to transact seamlessly amidst the COVID-19 pandemic, while it continues to apply sustainable business practices to ensure that it delivers value to stakeholders even after the Coronavirus pandemic.
