Unions sound alarm over EU’s industrial collapse ...News

Russia Today - Economy
Unions sound alarm over EU’s industrial collapse
source : Russia Today ( News ) () 40
High energy prices are dampening production and hurting the region’s competitiveness, data shows Major European trade unions are raising the alarm due to the major downturn in the EU’s industrial sectors. The relentless surge in energy prices is dealing a severe blow to a cornerstone of the bloc’s economy and is prompting profound concerns among influential labor organizations. Despite a retreat in energy prices from their 2022 peak, the European Commission forecasts that both gas and electricity prices will remain elevated, posing long-term threats to the EU’s competitiveness. The grim industrial production data

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