The forecasted labour cost per employee full-time equivalent (FTE) in the UK's construction of bridges and tunnels is set to see a gradual increase from 67.5 thousand Euros in 2024 to 68.9 thousand Euros by 2028. As of 2023, this cost stood at 67.1 thousand Euros, indicating a steady upward trend. Over the next five years, the compound annual growth rate (CAGR) is expected to be moderate but positive.
Future trends to watch for:
- Impact of Brexit and government infrastructure policies on labour costs.
- Technological innovations that could alter the demand for skilled labour.
- Potential regulatory changes affecting labour market dynamics.
