In 2023, the labour cost per employee FTE in the Italian ornamental, building stone, limestone, gypsum, chalk, and slate quarrying sector stood at approximately 59.7 thousand Euros. Forecast data for 2024 to 2028 shows a steady increase in labour costs, rising annually by about 1.6% to 63.9 thousand Euros in 2027 and reaching 64.9 thousand Euros in 2028. This reflects a consistent upward trend, with a compound annual growth rate (CAGR) of around 1.7% from 2024 to 2028.
Future trends to watch for include:
- The impact of automation and technology on labour productivity, potentially modifying labour cost dynamics.
- Macroeconomic factors such as inflation and energy costs, which could influence labour negotiations and wage adjustments.
- Regulatory changes in Italy affecting quarrying operations and their indirect effect on labour costs.
