Between 2013 and 2023, employment in the casting of iron and steel sector in Italy showed fluctuations, with a peak in 2013 and a significant decline from 2020 onwards. As of 2023, the employment value stands at 6.5 thousand full-time equivalents, reflecting a year-on-year decrease of 0.66%. The average annual variation (CAGR) over the last five years stands at -3.15%. Forecasts indicate a continued decline, with employment expected to reach 5.57 thousand by 2028, representing an annual average reduction of 2.45% over the next five years.
Future trends to watch for:
- Technological advancements in automation that might further reduce the need for manual labor.
- Potential influence of economic policies aimed at industrial rejuvenation.
- Impact of global demand fluctuations for iron and steel products.