The 2023 data on European Locks and Hinges Labour Cost Per Employee Full-Time Equivalent (FTE) highlights Austria as the costliest country, reaching 76 thousand Euros, followed closely by Sweden and Norway. Countries like Bulgaria and Macedonia have significantly lower costs, with Macedonia at the bottom with only 5.7 thousand Euros. While there's been nil variation over the last two years, indicating stability, these numbers paint a clear picture of labor cost discrepancies across Europe.
Future trends to watch include:
- Potential shifts towards cost parity as lower-cost countries develop.
- Influence of increased automation on labor costs within the industry.
- Regulatory changes impacting labor markets and cost structures across Europe.
Top countries in Locks and Hinges Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Austria | 76 | 2023 | View data |
| 2 | 2 Sweden | 75.1 | 2023 | View data |
| 3 | 3 Norway | 74.7 | 2023 | View data |
| 4 | 4 Denmark | 70.4 | 2023 | View data |
| 5 | 5 France | 67.7 | 2023 | View data |
| 6 | 6 Germany | 64.7 | 2023 | View data |
| 7 | 7 Iceland | 64.4 | 2023 | View data |
| 8 | 8 Finland | 61.2 | 2023 | View data |
| 9 | 9 Belgium | 58.3 | 2023 | View data |
| 10 | 10 Italy | 58.2 | 2023 | View data |
