EU Jobs Threatened by Iran War and Global Competition
Iran conflict caused energy price surges, making EU struggle to keep up with US and China.
European Commission estimates 600,000 automotive layoffs and 56,000 in other sectors.
Low-income households could spend 1.4% more on transport fuel.
Experts call automotive layoffs 'bad' for social stability.
European Commission will issue recommendations on improving economies and labor markets.
3 hours ago