TAGS: Business, Economy

Employees gather in protest outside a Marinopoulos supermarket in Thessaloniki Tuesday after news broke that the company had filed for protection from its creditors. The firm is thought to owe more than 720 million euros to some 2,000 suppliers and could face closure if a court on Friday decides not to accept its request for protection. The company’s total debts, including what it owes to the state, reach 1.3 billion euros. Marinopoulos employs around 12,500, whose jobs are now in doubt unless a solution, which could include a buyout, is found.

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