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Receiver Appointed for Australia Car Parts Manufacturer

November 7, 2012 • News

ABC has reported a receiver has been appointed to troubled car parts maker Autodom, after the Australian manufacturer closed operations indefinitely.

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Hopes for around 400 jobs are pending on finding a buyer for the company, after Keith Crawford and Rob Kirman of McGrathNicol have been appointed receivers and managers for the company and its subsidiaries including Dair and aiAutomotive.

Mr Crawford said work would now been done to prepare the businesses for sale.

“Our objective is to work constructively with Autodom’s key stakeholders over coming days to stabilise operations in order to facilitate a thorough assessment of each business unit’s financial position and prospects and to prepare viable business units for sale,” he said in a statement. (ABC)

He added unions and workers would be kept informed of progress.

The Australian Manufacturing Workers Union (AMWU) revealed in the report, aiAutomotive employees at Woodville in Adelaide had been called back – and some resumed shifts on Tuesday afternoon to prepare equipment for the return of the rest of the workforce on Wednesday morning.

‘The union said those willing to do overtime would be paid penalty rates to help deal with a backlog in demand for parts.'(ABC)

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