Fac­to­ries shut one af­ter an­other

Kathimerini English - - Focus - ANESTIS DOKAS

The rapid dein­dus­tri­al­iza­tion of the coun­try has led to the shut­down of at least 18 production units in the last five years from 2012 to 2016.

The lat­est such in­ci­dent was the ter­mi­na­tion of the Pep­si­coIvi plant at Vi­o­tia, cen­tral Greece, on Oc­to­ber 31. Three months ear­lier, on Au­gust 2, listed wire and wire ropes pro­ducer Leven­teris had shut down its plant near Vo­los.

Mod­er­ate es­ti­mates by the Hel­lenic Fed­er­a­tion of En­ter­prises (SEV) say that “in or­der to off­set the di­vest­ment the Greek econ­omy has suf­fered in the last few years, it will take ad­di­tional in­vest­ments – on top of those im- ple­mented ev­ery year – of 100 bil­lion euros up to 2022.”

SEV head Theodoros Fes­sas says that “in the last seven years, the pro­duc­tive fab­ric of the coun­try has crum­bled. In­vest­ments went down by 62 per­cent, with man­u­fac­tur­ing and in­dus­trial ac­tiv­ity pay­ing the price of the re­ces­sion.”

Among the firms to ter­mi­nate their fac­tory op­er­a­tions in 2015 were pa­per towel com­pany Sof­tex and pack­ag­ing pro­ducer Vis, along with the Con­tiTech IMAS con­veyor belt fac­tory, which shut down in March 2015, mean­ing that 140 em­ploy­ees joined the long list of un­em­ployed Greeks.

Sof­tex was one of the Greek com­pa­nies that shut down their plants last year.

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