The European Commission warns the EU could lose more than 1.0 mln jobs this year due to economic fallout from the Iran war and intensified global competition. EC analysis estimates roughly 560,000 job cuts tied to higher energy costs, and about 600,0

2026-06-03

The European Commission warns the EU could lose more than 1.0 mln jobs this year due to economic fallout from the Iran war and intensified global competition. EC analysis estimates roughly 560,000 job cuts tied to higher energy costs, and about 600,000 jobs in the auto sector are under pressure. Sectors most exposed to the energy-price shock include construction, metals, chemicals and transport.