Hundreds of thousands of EU jobs at risk, Commission to warn – POLITICO

BRUSSELS — EU countries risk mass job losses in the coming years as high energy costs, industrial restructuring and the green transition weigh on the economy, the European Commission is set to warn.

The figures, seen by POLITICO, will appear in the European Semester Spring Package, which sets out the Commission’s economic and policy recommendations for EU countries and is due to be presented Wednesday. They underscore growing concern in Brussels about the scale of the economic challenges facing the bloc.

“Europe’s competitiveness will not be built by technology, capital or financial regulation alone,” Commission Executive Vice President for Skills Roxana Mînzatu told POLITICO. “It will be built by people, the skills they develop and the opportunities we create for them to contribute fully to our economies and societies.”