In the French basic iron and steel manufacturing sector, employment is projected to decrease gradually from 35.02 thousand in 2024 to 33.38 thousand by 2028. Compared to 2023, when the sector had approximately 35.5 thousand employees, this indicates a trend of continuous decline.
Year-on-year analysis reveals a steady reduction in employment of about 1.19% to 1.18% annually. Furthermore, the compound annual growth rate (CAGR) from 2024 to 2028 depicts an average yearly decrease of approximately 1.2% in employment.
Future trends to watch for include the potential impact of technological advancements and automation, which could further influence employment levels and productivity within the sector. Additionally, keep an eye on global steel demand shifts and sustainability initiatives, which could reshape the industry's landscape and its labor needs.
