Eurometal has warned that the European Union could see 300,000 job losses in manufacturing by the end of 2026 due to increasing competition from Chinese component manufacturers. The organization plans to protest in Brussels, highlighting concerns over the EU's trade imbalance with China, which has reached a record surplus of €1 billion per day.
The protest will feature symbolic coffins representing the potential loss of jobs and competitiveness in the EU. Industry leaders are urging the European Commission to take stronger action against what they describe as the 'colonisation' of supply chains by China, which is increasingly dominating key manufacturing sectors.
As the protest unfolds in Brussels, observers should monitor the EU's response to industry demands and any potential policy shifts regarding trade with China. The outcome could significantly impact manufacturing stability and job security across Europe in the coming years.