A study by German trade credit insurance company Euler Hermes shows that more than 150,000 jobs in the European textile industry may be unsafe due to the impact of the global new coronavirus epidemic.
▲Source: Xinhua News Agency
Deutsche Presse-Agentur News Agency quoted Ronald Van Hert Hove, CEO of Euler Hermes Group, as saying on the 25th that although European countries have introduced a number of relief measures, it is expected that By the end of next year, about 13,000 textile and apparel companies in Europe will still have closed down, which means that about 158,000 textile industry workers will face unemployment.
According to the study, sales in the European textile and clothing manufacturing industry may decrease by 19% this year. Researchers predict that the industry’s sales are expected to increase significantly next year, but it will be difficult to return to pre-pandemic levels in the next few years.
Data from the World Health Organization on the 25th showed that the cumulative number of confirmed cases of COVID-19 in Europe has exceeded 3.17 million. The COVID-19 epidemic in Europe has rebounded significantly in recent times, and many countries have tightened prevention and control measures. In addition, many European countries have launched economic stimulus plans in the hope of revitalizing the economy and restoring employment. </p
