"the majority of employees in FT at that time were civil servants. This meant (as per the privatization deal that was defined by the French govt at the time) th

"the majority of employees in FT at that time were civil servants. This meant (as per the privatization deal that was defined by the French govt at the time) that they could not be fired. Ever." So obviously, these kinds of deals are actually one of the 'root causes' of economic malaise in France. These 'tipping points of destruction' are realized largely due to the inability of companies to actually navigate rough waters in the first place.