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EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says

By Thomson Reuters Jun 3, 2026 | 6:42 AM

BRUSSELS, June 3 (Reuters) – European automotive, construction, metals, chemicals and transport sectors could lose up ​to 1.3 million jobs this ‌year as a result of a surge in energy prices caused by the U.S.-Iran conflict, Labour Commissioner Roxana ‌Minzatu ​said on Wednesday.    “Due ⁠to the war in ⁠the Middle East, up to 1.3 million jobs are at risk and we are talking about ​jobs in energy-intensive industry, particularly,” Minzatu told a news ⁠conference.

• The EU ⁠automotive sector could face the ​biggest layoffs of up to 600,000, ​the European Commission estimated.

• Construction, ‌metals, chemicals, transport could lose 56,000 jobs.

• Some 85,000 jobs in battery projects could be at ⁠risk and 58,852 jobs in solar manufacturing.

• Another 4,500 jobs could go in ⁠the steel ‌sector because of low-carbon ⁠measures.

• Low-income households could ​spend ‌an additional 1.4% of ​income on ⁠transport fuel.

• The EU manufacturing sector employs around 30 million people, while services provide almost 87 million jobs.

(Reporting by Jan StrupczewskiEditing by ​Gareth Jones)