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France Thought It Could Reverse Globalization, but It’s Still Bleeding Jobs

PARIS — In recent months, Fabrice Chabance has had plenty to keep him awake at night. Two foreign-owned factories in Saint-Florent-sur-Cher, a region of 11,000 people where he is a political leader, have announced plans to move parts of their production lines to countries with lower labor costs.Nearly 200 jobs will be lost, a grim blow to his small industrial community in the Loire Valley. Despite efforts by President Emmanuel Macron to lure manufacturing back to France, Mr. Chabance has few illusions that the globalization that has swept jobs away will be reversed any time soon.“It’s a catastrophe,” said Mr. …

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