European Glass Fibers Labour Cost Per Employee FTE by Country

The labor cost per Full-Time Equivalent (FTE) employee in the European glass fibers sector varies significantly by country. In 2023, Belgium topped the list at 107.7 thousand Euros, reflecting its high-cost labor environment. Finland, Denmark, France, and Norway follow, ranging between 81.2 and 71.6 thousand Euros. Germany and Italy are within the mid-range, with respective costs of 65.2 and 64.0 thousand Euros. Countries like Spain, Slovakia, Portugal, Romania, and Cyprus sit at the lower end, with labor costs ranging from 48.7 to 11.2 thousand Euros.

From last year to this year, observed variations are similar in all countries. Over the past two years, labor costs have generally followed an upward trend, driven by inflationary pressures and increasing wage demands. The five-year compound annual growth rate (CAGR) indicates a relatively consistent increase across the board, despite some variations among countries.

Future trends to watch include the potential impact of automation and digital transformation on labor costs, as well as economic shifts due to geopolitical events or changes in the regulatory landscape. Additionally, wage inflation driven by skilled labor shortages could further escalate labor costs in high-demand regions.