Coca-Cola Hellenic To Shut Down Two Plants in Greece

Athens-based Coca-Cola Hellenic Bottling Co. announced on Wednesday its decision to close two of its five production plants in recession-hit Greece.The dire economic situation of the country has led to a fall of sales for Coca-Cola, which is adjusting to the new reality of the Greek market by moving the plants from Thessaloniki and Patras to Volos, Heraklion and Schimatari.In its statement, the company said: “The plan to consolidate operations is the result of weakening purchasing power in Greece, which has led to a continuous decrease in sales, especially over the past three years.”

Some 30 people will be affected by the shut downs but the company claimed in its official statement that with this move, it will continue contributing to the Greek economy.