Trademagazin > News and articles > Market News > More than 150,000 European textile jobs have been put at risk
More than 150,000 European textile jobs have been put at risk
More than 150,000 jobs have been put at risk in the European clothing and textile industry as a result of the coronavirus pandemic, according to a recent study by credit insurer Euler Hermes.
“We assume that, despite numerous measures to support the economy, some 13,000 companies will be closed in Europe by the end of 2021, which means that some 158,000 jobs in the European textile industry are likely to be at risk,” pointed out Ron van het Hof, leader of the German subsidiary of Euler Hermes. (MTI)
Related news
How AI-powered search is transforming the job market
In recent years, people’s information-seeking habits have fundamentally changed: more…
Read more >The 55-65 age group is also considered an important labor market reserve
Public charges for seasonal and casual employment have increased significantly…
Read more >Hungarian employment is among the top in Europe
The Hungarian labor market is among the top in the…
Read more >
More related news >
Related news
Promotions, prices, alternatives – promotions and Hungarian households
Tünde Turcsán, managing director of YouGov spoke about how Hungarian…
Read more >K&H: investors will receive a missing compass
The K&H Securities – Investor Sentiment Index has been launched,…
Read more >Norway introduces tourist tax: municipalities can ease the burden of overtourism
According to experts, the corn crop is already showing a…
Read more >