Old Mutual prevents sacked Moyo from returning to work, will file appeal
South African insurer Old
Mutual said on Monday it will not allow sacked chief
executive Peter Moyo to return to his duties because a second
notice of termination given on Aug. 21 stands and the company
would continue to fight his attempts to get reinstated.
Moyo turned up for work on Monday morning but was again
prevented from resuming his duties despite a court ruling last
week that dismissed the insurer’s attempt to block his temporary
reinstatement.
(Reportin
Mutual said on Monday it will not allow sacked chief
executive Peter Moyo to return to his duties because a second
notice of termination given on Aug. 21 stands and the company
would continue to fight his attempts to get reinstated.
Moyo turned up for work on Monday morning but was again
prevented from resuming his duties despite a court ruling last
week that dismissed the insurer’s attempt to block his temporary
reinstatement.
(Reportin
Posted by Reuters