In 2023, Austria led Europe in metallurgy machinery labor cost per employee FTE at 97.7 thousand Euros, followed by Germany and Finland. Northern European countries generally have higher labor costs, while Eastern Europe's costs are significantly lower, with Hungary at the bottom.
Future trends to watch include potential shifts due to automation and economic policies. Labor cost variations could impact competitive positioning within Europe's metallurgy sector. Additionally, economic changes such as inflation or investment in technology could influence labor cost variations, necessitating close monitoring to predict future labor market dynamics in the industry.
Top countries in Metallurgy Machinery Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Austria | 97.7 | 2023 | View data |
| 2 | 2 Germany | 82.7 | 2023 | View data |
| 3 | 3 Finland | 79.2 | 2023 | View data |
| 4 | 4 Sweden | 67.7 | 2023 | View data |
| 5 | 5 France | 62.1 | 2023 | View data |
| 6 | 6 Italy | 60.9 | 2023 | View data |
| 7 | 7 United Kingdom | 52.3 | 2023 | View data |
| 8 | 8 Denmark | 50 | 2023 | View data |
| 9 | 9 Spain | 47.3 | 2023 | View data |
| 10 | 10 Greece | 26.1 | 2023 | View data |
