Ninety-eight workers have lost their jobs with the closure of textile and apparel maker Fanco's Trikolan unit in Naoussa, northern Greece.

The closure of the manufacturing unit has been undertaken as part of Fanco's reorganisation strategy.

Fanco, which is owned by the Klonatex group, has merged with Trikolan in February 2003, in an attempt to cut losses.

Fanco makes cotton yarns, knitted fabrics and garments, sports socks and accessories.