The forecast for the number of employees in the manufacture of basic iron and steel sector in France indicates a consistent downward trend. Starting at 32.17 thousand employees in 2024, the workforce is expected to decline by approximately 1.9% annually through 2028, reaching 29.6 thousand. The projected Compound Annual Growth Rate (CAGR) from 2024 to 2028 is negative, reflecting this steady decrease in employment. In comparison, employment stood at 32.92 thousand in 2023, highlighting the industry’s continuing contraction.
Future trends to watch for:
- Automation and technological advancements potentially reducing labor needs.
- Regulatory changes impacting production processes and employment.
- Shifts in global steel demand influencing France's production levels.