Industrial city left to change course suddenly after setback for turnover, say (7)

I believe the answer is:

leipzig

(Other definitions for leipzig that I've seen before include "City in Germany, Wagner's birthplace" , "City in Saxony - Wagner's birthplace" , "Largest city in the Germany state of Saxony" , "Populous city in Saxony, Germany" , "German city" .)

I've seen this clue in The Times.

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