Europe's jobs at risk: Which sectors are the most threatened by automation?

Eighty-three million positions might be at risk by 2027, with jobs in accommodation, wholesale and arts potentially severely impacted.

Transcript

00:00How is technology expected to reshape the jobs market?

00:1183 million jobs might be terminated by 2027, according to the World Economic Forum's predictions.

00:20AI is expected to be a key driving force behind this change and one of the fastest-growing sectors.

00:31Forecasts show that automation technologies will put several job sectors in Europe at risk.

00:39Consultancy firm McKinsey has identified the most vulnerable ones.

00:45Accommodation and food services, arts, wholesale and retail.

00:51What will happen to those who retain their jobs?

00:5694 million Europeans will need retraining due to advances in automation.

01:05By 2027, however, there could also be 69 million new positions.

01:12The new jobs, however, are likely to be unequally distributed across Europe.

01:19This means up to 40% of Europeans could find themselves living in regions with shrinking labour markets.