In 2023, the iron and steel industry in Germany had 168 thousand employees. From 2024 to 2028, a gradual decline is forecasted from 167 thousand in 2024 to 165 thousand in 2028. The year-on-year variation shows a minor decrease, approximately 0.6% from 2024 to 2025, and stagnation from 2025 to 2027, followed by a slight drop of 0.6% to 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is about -0.36%.
Future trends to watch for include:
- The impact of automation and industry 4.0 on employment levels.
- Potential regulatory changes affecting production and labor force requirements.
- The global steel market's influence on Germany's export demands and employment.
- Efforts towards sustainability and their impacts on workforce dynamics.
