EU Warns Up to 1.3 Million Jobs Could Be at Risk From Energy Price Surge

The European Commission has warned that rising energy prices could threaten up to 1.3 million jobs across the European Union this year.

According to Labour Commissioner Roxana Minzatu, the sectors most exposed to the impact are energy-intensive industries, including automotive manufacturing, construction, metals, chemicals, and transport.

The Commission estimates that the automotive industry could experience the largest potential job losses, with as many as 600,000 positions at risk.

Construction, metals, chemicals, and transport sectors could collectively face the loss of around 56,000 jobs.

The assessment also identified risks for emerging industries. Approximately 85,000 jobs linked to battery projects could be affected, while an estimated 58,852 positions in solar manufacturing are also considered vulnerable.

In addition, around 4,500 jobs in the steel sector could be impacted by low-carbon transition measures.

The Commission noted that rising energy costs may also affect households. Low-income families could see transport fuel expenses increase, placing additional pressure on household budgets.

The warning comes as policymakers monitor the economic effects of higher energy prices on European industries and employment. Manufacturing remains a major source of jobs across the European Union, while the services sector continues to employ a significantly larger workforce.

Officials said the situation highlights the challenges facing industries that rely heavily on energy as costs continue to rise.