Economics
Europe’s Workers Seen Losing in Post-Pandemic World, Study Finds
- Most surveyed firms expect negative long-term impact on jobs
- Still, 60% predict productivity is likely to increase
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Europe’s workers will still be suffering from the pandemic long after companies have benefited from efficiencies gained during coronavirus lockdowns, according to a European Central Bank survey.
Leading companies in the region say an accelerated take-up of digital technologies and better processes will bolster productivity. At the same time, 55% say they expect to employ fewer workers over the long term.