Today's Labour News

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OldMutualBusinessLive reports that Old Mutual CEO Peter Moyo was once again barred from returning to work on Monday.  

Moyo presented himself for work on Monday morning following a court order upholding his reinstatement as CEO that was handed down by Judge Brian Mashile on Friday.  Moyo’s attorney Eric Mabuza said his client was ushered to a boardroom and informed that the company would be filing an urgent application to seek a declaratory order effecting Moyo’s second letter of dismissal sent to him on 24 August.  Mabuza indicated further:  “We asked old Mutual to produce a document preventing Mr Moyo from returning to work.  They have been unable to do so.  We don't want to cause any scuffle.  We will leave not because we are not entitled to be here but because it is out of respect for court processes.  We will wait for them to bring another urgent application.”  Old Mutual said on Monday it had met Moyo to explain that he would not be returning to work, as its contractual rights remained intact with it having served him with a termination letter in August.  The insurer said it would be filing appropriate appeal papers over the next few days.  It pointed out that the court had noted in granting it leave to appeal that "the current position is that the relationship between the parties was unwholesome".

  • Read the full original of the above report by Warren Thompson at BusinessLive (paywall access only)


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