Feb 12 • 08:24 UTC 🇨🇿 Czechia Novinky.cz

Companies Urge EU Leadership: You Managed Covid, Now Save European Industry

European companies are calling on EU leadership to focus on supporting the continent’s industry post-Covid.

Companies across Europe are urging EU leaders to shift their focus from managing the Covid-19 pandemic to taking decisive action to save the European industrial sector. Amidst challenges such as rising energy costs and supply chain disruptions, business leaders are worried about the future of manufacturing and want to ensure that policies implemented now will protect and rejuvenate this crucial sector. They believe that just as the EU successfully handled the health crisis, it now has the capability to foster economic recovery and resilience within its industries.

The plea comes as many industries are recovering from the pandemic's detrimental effects, yet they face new hurdles, including increased competition globally and environmental regulations that pose additional pressures. The call to action emphasizes the urgency for strategic investments and supportive policies that can help businesses innovate and remain competitive. Some suggestions include enhancing technological capabilities and improving workforce skills to meet the future demands of the industrial market.

This demand reflects broader concerns about the sustainability of Europe's economy post-Covid. Business leaders emphasize that without proper intervention and investment from the EU, the industrial sector could face a significant downturn, impacting jobs and economic stability in the region. The responses from EU leadership to this call for support will be crucial in determining the trajectory of Europe's recovery and its role in the global market over the coming years.

📡 Similar Coverage