Hundreds of Greek food manufacturing enterprises are in danger under pressure from a very small group of supermarket chains -not more than two- to offer additional product and services beyond their annual agreements, representatives of the sector told ANA.
The Federation of Northern Greece Industries (SBBE) sent a memorandum to Prime Minister Alexis Tsipras and to the leaders of all other political parties a few days ago to inform them over the problem and calling them to legislate specific measures for the protection of business transactions included in a European legislative framework.
Athanasios Savvakis, president of SBBE told ANA that: “the market needs to regulate itself, but in critical times it is necessary to bear in mind the extreme conditions under which we have to operate”.
SBBE sources noted that the pressure exhorted by the two supermarket companies -one based in Athens and another in Northern Greece- mainly on Greek manufacturing enterprises was unbearable since “the combination of high interest rates and high production cost has not left any fat all to enterprises“.
They added that the pressure was almost exclusively on Greek enterprises and not multinational consumer product groups since they have strong brand products and a strong negotiating power.
The conflict began after an agreement by suppliers for a 50 pct haircut on Marinopoulos’ debt . The two supermarkets demand equal benefits for themselves for the current year.
Source: ANA-MPA
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