BSH Hellas to shut historic Rendi factory

The BSH Hellas plant at Rendi, near Piraeus, faces closure. One of the country's oldest factories, it was renamed after Bosch-Siemens Hausgerate GmbH bought out Pitsos, a Greek company established in 1865.

The company's management announced that the unit will operate for one more year and then shut down. A staff reduction scheme has already been launched with the aim of softening the impact of the closure.

The management informed the 250 employees that they could enter a voluntary exit program offering particularly favorable terms. The program started on October 2 and will be completed on November 10.

A statement said that "as of January 1, 2018, the factory in Athens will not be able to support the manufacturing of any of the Group's products, and as a result of that the definitive termination of the operation of its production activity will be objectively...