As of 2023, the number of persons employed in the iron and steel sector in Germany stood at approximately 167,000 units. The forecasted employment figures show a consistent decline at a rate of roughly 0.6% annually, decreasing from 166,000 in 2024 to 162,000 by 2028. This trend indicates a gradual reduction in workforce numbers in the industry over the upcoming years.
Future trends to watch for include:
- Technological advancements, such as automation and AI, potentially leading to further declines in employment.
- Potential restructuring or shifts towards green steel initiatives, influencing employment patterns.
- Global economic conditions impacting demand and production levels in the iron and steel industry.