The European Union is facing the risk of losing over 560,000 jobs by 2026 due to high energy costs and industrial transition.

The European Union is facing a major threat of job losses, according to a document from the European Commission. The assessment, which will be included in the Spring Package, shows that the pressures generated by energy costs could affect up to 560,000 jobs by 2026, with sectors such as construction and the metallurgical industry being the most exposed. Additionally, the Commission will analyze whether member states are investing enough in workforce training to support economic objectives. The automotive industry could lose 600,000 jobs due to the transition to electric vehicles, and the skills deficit is becoming a major issue, with 68% of companies reporting a lack of qualified personnel. The Commission will recommend investments in education and vocational training to improve Europe's competitiveness. The report also highlights persistent inequalities in the labor market, affecting low-income households and workers from outside the EU. The central conclusion is that the economic success of the Union will depend on the ability of states to manage industrial and energy transformations.