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France’s jobs market faces ‘tipping point’ as growth falters

Recent gains could unravel as households’ fear of unemployment soars and economists press for more reforms

Audrey Louail has finally managed to hire the technology workers she needs. That is only possible because her rivals are cutting headcount.

“I had a lot of problems recruiting last year, but now there are enough people on the market,” said the chief executive of IT services group Ecritel.

A poll of the Croissance Plus network of high-growth companies, which Louail leads, shows a third of its 11,000 members planned to cut staffing this year amid a weak economic outlook and impending fiscal squeeze.

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