European automotive, construction, metals, chemicals and transport sectors could lose up to 1.3 million jobs this year as a result of a surge in energy prices caused by the U.S.-Iran conflict, Labour Commissioner Roxana Minzatu said on Wednesday.ย ย ย ย
“Due to the war in the Middle East, up to 1.3 million jobs are at risk and we are talking about jobs in energy-intensive industry, particularly,” Minzatu told a news conference.
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- The EU automotive sector could face the biggest layoffs of up to 600,000, the European Commission estimated.
- Construction, metals, chemicals, transport could lose 56,000 jobs.
- Some 85,000 jobs in battery projects could be at risk and 58,852 jobs in solar manufacturing.
- Another 4,500 jobs could go in the steel sector because of low-carbon measures.
- Low-income households could spend an additional 1.4% of income on transport fuel.
- The EU manufacturing sector employs around 30 million people, while services provide almost 87 million jobs.
(Reporting by Jan StrupczewskiEditing by Gareth Jones)
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Source:
Reuters
