The number of employees in the Glass and Glass Products sector in Austria experienced fluctuations over the past decade, descending from 9.39 thousand in 2013 to 8.86 thousand in 2023. Between 2022 and 2023, the sector saw a year-on-year decrease of 1.04%. Over the last five years, the CAGR was -0.7%, indicating a gradual decline.
Future projections from 2024 to 2028 predict a steady decline, reaching approximately 8.41 thousand employees by 2028, with an average annual reduction rate (CAGR) of -0.83% over this period.
Trends to watch for:
- Adoption of automation which may lead to decreased demand for manual labor.
- Increased focus on sustainability which might influence employment needs.
- Potential economic and policy shifts affecting the industry.