As of 2023, the number of employees in the German basic iron and steel manufacturing sector was approximately 125.53 thousand. Forecasted data from 2024 to 2028 shows a gradual decline in employment figures, with a CAGR indicating a steady decrease. Year-on-year percentages reflect a consistent, slight contraction, showcasing challenges in maintaining workforce levels amid technological advancements and global competition.
Future trends to watch include:
- Impact of automation and Industry 4.0 on employment dynamics.
- Potential trade policy shifts affecting international demand and labor requirements.
- Environmental regulations pushing for sustainable practices impacting labor needs.