The labour cost per employee FTE in Italy's motor vehicles sector is forecasted to increase steadily from 76.0 thousand Euros in 2024 to 82.6 thousand Euros in 2028. This represents an average annual growth rate (CAGR) of approximately 2.1% over the period. The year-on-year growth from 2024 to 2025 is 2.2%, and from 2025 to 2026, it is 2.1%, maintaining a consistent upward trend attributed to inflationary pressures and sectoral wage adjustments.
Future trends to monitor include:
- Potential impacts of automation on labor costs.
- Regulatory changes and their effect on employment costs.
- Developments in electric vehicle production influencing skill requirements and wages.