EU May Lose Over 1 Million Jobs This Year Amid Energy Crisis and Global Competition

According to the European Commission, the EU may lose over 1 million jobs this year (2026) due to economic impacts from the Iran conflict and intensified global competition. Approximately 560,000 positions are at risk from energy cost pressures, while 600,000 automotive industry jobs face strain. The construction, metals, chemicals, and transport sectors are expected to be hardest hit by surging energy prices.
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