Employment in the Finnish Manufacture of Electrical Equipment sector has seen a general decline from 2013 to 2023. In 2013, employment stood at 16.98 thousand FTE. By 2023, it had decreased to 14.58 thousand FTE, representing a significant decline over the period. The sector experienced fluctuations, with mild increases in 2017 and 2018, but the overall trend remained downward. The year-on-year variation for 2023 was a -1.51%, while the Compound Annual Growth Rate (CAGR) over the last five years was -1.39%.
Looking forward, the employment trend is expected to continue declining, with forecasted values reaching 13.5 thousand FTE by 2028. Key factors to watch include technological advancements, automation, and shifting production priorities which may further impact employment in this sector.
