Investments in digital technologies and sustainable development to create 5.7 mln new jobs in Europe by 2030

According to a new Accenture report, developed in collaboration with BusinessEurope, accelerated investments in digital technologies and sustainable development could create up to 5.7 million new jobs in Europe by 2030. More than three-quarters of companies plan to upgrade or upgrade their qualifications over the next three years or retrain up to 25 percent of their employees.

The report shows that while Europe was keeping pace with other regions in terms of growth and market share before the pandemic, the trajectory has changed in recent months. European companies expect the pandemic recovery process to take at least six months longer compared to companies in the Asia-Pacific and North American regions.

At the same time, according to the report, Europe is well placed to seize future growth opportunities thanks to its strong potential in key industries. Accelerated investment in both digitization and sustainable development – which the report calls Twin Transformation – could increase net jobs in the region by up to 5.7 million by 2030. Areas, where jobs will be created, are primarily manufacturing industrial equipment, advanced technologies, software, utilities, automotive, life sciences, and communication and media.

"We are witnessing the emergence of a new global growth and competitiveness paradigm that European companies can take advantage of," Jean-Marc Ollagnier, CEO of Accenture Europe, said.

(WBJ)