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Earlier this month, telecommunications company Alcatel-Lucent announced it was to axe 1,430 jobs in France, representing 15% of its French workforce, and affecting every site in the country. Mediapart finance and business writer Martine Orange analyses the steady decline of a former flagship of French industry since its merger with America’s Lucent, when what was supposed to be a new, world giant has crumbled amid a series of strategic errors and the fratricidal effects of Europe’s deregulated telecommunications market.
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