No-deal Brexit could mean over 1m EU jobs lost
Publish date: 07 August 2019
Issue Number: 298
Diary: Legalbrief Workplace
If the UK was to leave the EU without an agreement 1.2m jobs across the continent would be lost, with nearly 300 000 redundancies in Germany. Personnel Today reports that the study by Leuven University found that the UK, inevitably, would suffer the most with 500 000 job losses. Ireland would lose 50 330 jobs, placing it among the most badly hit countries in terms of jobs lost as a percentage of its working population. Belgium and The Netherlands would suffer similarly, with a combined 115 590 jobs disappearing (42 390 and 73 200 respectively). Belgium would lose 2.35% of its GDP. The group of countries projected at losing between one and 1.3% of jobs included France (141 320), Germany, Poland, Portugal and Sweden. Slightly better off in terms of job losses would be Italy and Spain. Croatia, Greece, Austria and the Baltic states would be among the least affected.