Sep 06, 2024 MISA, Motor Industry Staff Association, Martle Keyter, Autozone, voluntary business rescue
MISA comment - Voting on AutoZone’s business rescue plan scheduled for 11 September
AutoZone has published a Business Rescue Plan which proposes structural changes to ensure a successful rescue process. This includes the proposed closure of 9 AutoZone branches that are not making profit affecting 46 employees.
According to Martlé Keyter, Chief Executive Officer: Operations of MISA, the Motor Industry Staff Association, eleven of the affected employees are members of the Union.
A meeting with all affected creditors and other holders of a voting interest will be held on 11 September 2024 at 12:00 to determine the future of AutoZone in line with section 151(1) of the Companies Act.
MISA’s Legal Department 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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