Despite challenging trends, industry is still a pillar of the European economy. Having a strong industrial base is crucial for the EU economy as well as for its social model. The ETUC has been pressing the European Commission to put forward an ambitious and coherent industrial policy to strengthen the real economy and foster competitive and sustainable industries and services. We reject an economy dependent on and driven by financial markets.

A strong industrial base needs a level playing field for companies, with fair tax rules, strong incentives for innovation, high environmental standards and good working conditions. Trade unions must be involved in developing industrial strategy at all levels, and particularly in meeting the challenges of digitalisation, climate change, restructuring and globalisation.