Location of affected unit(s)
All over Greece
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
45 - Wholesale and retail trade and repair of motor vehicles and motorcycles

450 jobs
Number of planned job losses
Job loss
Announcement Date
14 April 2016
Employment effect (start)
14 April 2016
Foreseen end date
16 April 2016


Electroniki, one of the biggest chains of electrical stores in Greece, has become bankrupt and 450 employees are now jobless.

Electroniki announced on April 13th2016 that it was entering a bankruptcy procedure following a decision of Athens First Instance Court. The company has faced many commercial problems over the last few years after its attempt to expand its business activities in Greece, Cyprus and the Balkans. The following day, its 45 stores across Greece suspended operation and 450 employees were made jobless. The company, which has operated in Greece for 66  years, attributes the closure to the imposition of capital controls last summer in Greece and the consequent restriction of consumers' purchasing power.


  • 14 April 2016: Kathimerini
  • 14 April 2016: Ethnos


Eurofound (2016), Electroniki, Bankruptcy in Greece, factsheet number 86992, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86992.