00:00How many jobs are being cut in the EU due to outsourcing?
00:09For many businesses, moving jobs abroad is a way to save money and, in some cases, to
00:14survive.
00:15But it also means slashing positions domestically that ultimately don't get replaced.
00:21Due to outsourcing, EU countries lost around 150,000 jobs, roughly three times more than
00:28those created through the same process.
00:31Some of the sharpest imbalances were recorded in Poland and Hungary, where outsourcing wiped
00:36out around ten times more positions than it generated.
00:40Germany stands out too with a net loss of about 50,000 jobs.
00:45Ireland, the Czech Republic and Spain are the only countries reporting net gains.
00:51Cost cutting is the main relocation driver, followed by the need to focus more on the
00:56core business.
00:57The hardest hit industry is manufacturing, with more than 53,000 jobs gone domestically,
01:04but proportionally it's IT that suffers the most, with 0.5% of its positions lost.
01:11And this is far from marginal, as around 73% of EU businesses engage in outsourcing operations.
01:18The top destination outside the EU is India, followed by the United Kingdom, Canada and the
01:25U.S. combined and China.
01:26The US combined is China.
01:27The US combined is China.
01:28The US combined is China.
Comments