A wave of layoffs is rapidly growing in Europe. This situation is creating deep impacts across many sectors on the continent.

From automotive to technology, engineering to aviation, layoffs are increasing in many sectors. Between 2008 and 2023, 2.3 million manufacturing jobs were lost in the European Union.

Unions are calling for a moratorium on mandatory layoffs to address the employment crisis. However, these calls are not preventing layoffs from occurring.

Particularly in the automotive sector, large-scale layoffs are being experienced. Volkswagen, Audi, and other major brands have decided to lay off thousands of employees.

Germany's second-largest bank, Commerzbank, also announced it would lay off 3,900 employees by 2028. This situation raises concerns about Europe's economic future.

As a result, the wave of layoffs in Europe reflects the economic challenges and uncertainties. This situation could lead to significant changes in the labor market.