In 2023, the number of persons employed in Italy's iron and steel sector stood at approximately 84.7 thousand. Based on forecasts, this number progressively declines each year. By 2028, employment is projected to reduce to approximately 81.2 thousand, representing a subtle downward trend. This trend shows a steady decrease, with an average compound annual growth rate (CAGR) of -0.84% to -1.00% over the five-year period.
Future trends to watch for:
- Technological advancements and automation could further impact job reductions.
- International market demand variations could influence employment rates.
- Environmental regulations might alter production processes, potentially affecting workforce needs.
