In 2023, the labor cost per employee FTE in the water utility sector in France was significantly higher than the projections for 2024-2028. Over the forecast period, the labor cost is expected to decrease annually, starting at 36.2 thousand euros in 2024 and reducing to 30.1 thousand euros by 2028. This decline marks a steady downward trend with year-on-year decreases averaging around 4.7%. The compound annual growth rate (CAGR) from 2024 to 2028 reflects a negative growth trajectory.
Future trends to watch for include shifts in employment practices, advances in technology that may require fewer employees, and potential regulatory changes impacting labor costs. Stakeholders should also consider economic conditions and inflationary pressures that could alter these forecasts.
