In 2023, the labor cost per FTE in the flat glass shaping and processing sector in the UK was measured at approximately 21.8 thousand Euros. Forecasted data indicates a downward trend over the next five years, with labor costs decreasing from 21.1 thousand Euros in 2024 to 18.3 thousand Euros in 2028. Year-on-year variations show a consistent reduction, with costs dropping by roughly 3.3% yearly. The compound annual growth rate (CAGR) from 2023 to 2028 projects a steady average decline in labor costs by about 3.5% annually.
Key trends to monitor in the future include:
- The impact of technological advancements on reducing labor costs as automation increases efficiency.
- Potential workforce reductions and skill shifts as companies adjust to new production technologies.
- Fluctuations in energy prices affecting overall production costs, which might influence labor expenditure adjustments.
