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Offshoring trends are shifting and it now happens more in eastern European countries than in western member states. The Covid-19 pandemic has demonstrated the need to move the production of critical sectors and products, such as medication, back to Europe. Manufacturing is the sector that is the most exposed to offshoring because of competition from low-wages countries. The most vulnerable EU sectors are characterised by a predominance of low-skilled jobs: textiles, clothing, footwear and leather, basic metals and fabricated metal products, and manufacturing industries. Globalisation leads to increased competition between companies, which can result in closures, offshoring and job losses. Globalisation's negative impact on employment The share of highly skilled workers in export related jobs is increasing and export-related jobs are on average 12% better paid than other jobs. In total, 18% of jobs in Germany rely on EU exports. Thanks to the EU's single market an additional 1.1 million German jobs depend on exports from other EU countries to non-EU countries.
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They also extend to firms supplying goods and services to them.įor example, in Germany exports to non-EU countries support 6.8 million jobs. Job opportunities aren't limited to exporting companies. Every billion in exports from the EU supports on average about 13,000 EU jobs. It increased from 21.7 million jobs in 2000 to 36 million jobs in 2017. The number of jobs supported directly or indirectly by EU exports outside the union is continuously growing. Managing globalisation to make the most of it is a priority for the EU as is trying to create a more social Europe that helps redundant workers find new jobs. Globalisation creates job opportunities but can also result in job losses.