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

World News

03-06-2026 | 08:09

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

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, Labor 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.

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