For the record - This is absolutely not the case in Europe as far as I can tell.
The article says "The days of the battle for talent are over."
but as a consultant I keep getting project requests by companies who couldn't find enough employees and are now willing to pay a premium for outside help that may enable then to still keep their deadlines.
If I was employed in some company in Central Europe, I would not bet my livelihood in any kind of job stability that is sold in the region by work council or regulations that can be easily hoped.