Wave of Layoffs in Europe: over 200,000 Jobs Threatened. What Is the Reason?

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Wave of layoffs in Europe. A supply shock brings factories to the brink of crisis. Hundreds of thousands of employees could lose their jobs.

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Gas prices have risen to the highest level in the last three years, just before Europe enters the cold season with reserves below the usual level. British company Bridgnorth Aluminium, one of the producers hit by these charges, is now paying over a million pounds per month only for energy. Adrian Musgrave, director of [...]

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Energy prices are putting more and more pressure on European industry, at a time when the continent is entering the cold season with gas reserves below normal levels. Companies warn that costs affect their production, investment and ability to keep jobs.