Aug 19, 2024 MISA, Motor Industry Staff Association, Martle Keyter, Autozone, voluntary business rescue
MISA comment
Publication of AutoZone’s business rescue plan postponed
The Legal Department of MISA, the Motor Industry Staff Association, has been informed that the publication of the business rescue plan for AutoZone has been postponed for another two weeks.
According to the notice received, the postponement will facilitate the start of negotiations on a purchase and sale agreement. The date has been extended to 2 September 2024. AutoZone has adequate cash flow from trading to continue to meet its committed financial obligations pending the process.
Martlé Keyter, MISA’s Chief Executive Officer: Operations, says MISA remains committed to leave no stone unturned to prevent any negative impact on employees. MISA will continue to participate in the process to protect the interest of our members and to keep them informed of any developments.
Members of the Union, can contact MISA on 011 476 3920, WhatsApp and SMS on 071 880 9682 or e-mail mailto:legal@ms.org.za.
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