Economic hardships hit bank workers hard, they’re now unable to buy lunch or raise bus fare to work


Bank workers have bemoaned the erosion of their salaries and have, as a result, declared incapacitation. Workers at Stanbic Bank have said they are no longer able to buy own lunch or meet bus fare to work, and suggest sleeping over at the banks so that they do not miss work.

A letter dated 20 June 2019 and written by Stanbic workers to their management reveals the shocking state of affairs obtaining with bank employees.

Reports indicate that the problem has affected workers at most of the banks. POSB workers also wrote a similar letter to their management.

Below is the full text of the letter written by Stanbic employees.


We write to advise of the dire situation that your workers are in. You are fully aware of the economic crisis we are in.

Most of the employees are now unable to buy food enough for a week from their salaries let alone paying rentals and rates risking possibility of evictions.

The majority are failing not only to meet committed school fees payment plans for their children, but the situation is being further worsened by the top-up requests in foreign currency.

Other basic necessities are now beyond the reach of many.

In addition, the majority are no longer able to pay for transport to and from work. Those able are not able to buy lunch and in most days work without eating anything. The majority of the families of your workers are now living on one meal a day. This situation is now unbearable.

We therefore advise that from now Stanbic Bank workers will report for duty as and when they have transport fares and or breakfast and lunch.

Alternatively, most of your workers will start sleeping and staying at the workplace from Mondays to Saturdays in order not to abscond from work. We hope you find this is order.

Please note that this is not a collector job action but a measured response to the challenges your workers are facing.

Read the original letter below:

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