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Purpose

The purpose of this paper is to examine the predictors of perceived job insecurity and motivation among 286 female participants in merged and acquired banks in two capital cities of South West Nigeria.

Design/methodology/approach

The participants in this survey were accidentally sampled for convenience of participants and ease of administration because of the tight work schedule. Data collected were analysed using regression and t‐test statistics.

Findings

The results of the research indicated joint significant influence of job characteristics and organizational justice in women's perceived threat of job loss and motivation. Specifically, organizational justice (procedural justice) exerted a strong influence on the dependent variables for women in both acquired and merged banks.

Research limitations/implications

Use of accidental sampling is a limitation. Further, studies should adopt other sampling techniques that may capture a significant sample of the population.

Practical implications

These findings implied that unless changes are managed in structured, systematic and constructively in ways perceived by women to be fair, organizations will remain far from realizing the benefits of restructuring and downsizing.

Originality/value

The paper offers insight into job insecurity and motivation among women in the context of Nigerian consolidated banks.

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