Greece: Europe’s only nickel factory facing closure

The furnaces are likely to go cold at Europe’s only nickel processor.

More than a thousand jobs are at risk in Greece as Europe’s only iron-nickel manufacturer faces closure.

The government says the state-owned company, Larco, is more than half a billion dollars in debt and it will be sold within the year.

Al Jazeera’s John Psaropoulos reports from the port town of Larymna.