Local reactions have driven BSH away

The reasons for the divestment of Munich-based Bosch Siemens Hausgerate (BSH) from Greece, with the cancellation of a multi-million-euro project and the approaching closure of its plant in Rendi, southern Athens, are not only related to the financial crisis and the adverse business climate in the country, but also due to local reactions to its investment.

One of Greece’s oldest factories is shutting down

One of Greece’s oldest factories; formerly known as Pitsos and founded in 1865, is shutting down.

Renamed BSH Hellas; after the acquisition by German Bosch-Siemens Hausgerate, the factory based in Renti, south of Athens, is to shut down by the end of 2018.

The company’s management announced a voluntary redundancy program for its 250 employees.