MIL OSI – Source: First Union –
Headline: Postie Plus Group’s administrator must put workers first
The union representing retail workers is saddened but not surprised by today’s announcement that Postie has gone into voluntary administration.
There are 82 Postie stores nationwide, and existing employees have been told that they will remain in their current roles and will continue to work agreed hours unless otherwise advised.
“This does not come as a surprise to us,” said Maxine Gay, Retail Secretary at FIRST Union. “The last few years have been hard on the Postie Plus Group, and they have struggled to deal with serious supply chain issues.”
“We are pleased to hear that they have voluntarily relinquished administration of the business and we have been informed by the administrator that there are a number of credible and interested parties.”
“Postie’s administrator must ensure they put the interests of workers first. We hope that the business will be sold as a going concern rather than liquidation, to protect the jobs of Postie’s workers.”
The administrators, Pricewaterhouse Coopers, have announced there will be a creditors meeting in approximately one week. Employees will attend this meeting to find out more about the company’s future.
For further information contact:
Maxine Gay, Retail, Finance & Commerce Divisional Secretary, on 021 975 580.The union representing retail workers is saddened but not surprised by today’s announcement that Postie has gone into voluntary administration.