Forecast: Employees in Telecom Sector in Belgium

From 2013 to 2023, the number of employees in the telecom sector in Belgium has steadily declined from 24.2 thousand units (persons) to 18.0 thousand units, indicating a consistent reduction over the past decade. The year-on-year variation showcases a gradual decline with occasional sharper drops. For instance, 2020 saw a significant drop of 9.18%, the highest year-on-year reduction in the given period. More recent years saw smaller declines, with values of -1.64% in 2023. Over the past 5 years, the average variation per year has been around -3.13% CAGR, suggesting a continuous contraction in workforce volume.

Looking ahead, forecasted data from 2024 to 2028 suggests a continuation of this downward trend. The forecasted 5-year CAGR from 2023 to 2028 is -1.52%, indicating a slower but persistent decline in workforce numbers. This reflects an overall 7.39% reduction over this period.

Future trends to watch for:

• Impact of technological advancements and automation on employment in the sector.
• Potential market consolidations and their influence on workforce requirements.
• Policy changes and strategic initiatives aimed at digital transformation and their effects on telecom employment.