In 2023, Switzerland led Europe in metal forming machinery and machine tools labor costs per employee with 95.2 thousand euros, followed by Denmark and Norway. Countries like Macedonia and Greece recorded significantly lower costs, highlighting considerable disparities across Europe. From a historical perspective, the last five years showcased notable stability, with labor costs remaining mostly unchanged across major European producers. Eastern European countries consistently demonstrated lower costs, ranging from 6.2 to 23.8 thousand euros, reflecting regional economic differences.
Future trends to watch include:
- Increasing automation and digitalization impacting labor cost structures.
- Potential shifts in labor dynamics due to regulatory changes and skill shortages.
- Adjustments in labor costs due to economic conditions and competitive pressures.
Top countries in Metal Forming Machinery and Machine Tools Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Switzerland | 95.2 | 2023 | View data |
| 2 | 2 Denmark | 87.6 | 2023 | View data |
| 3 | 3 Norway | 76.9 | 2023 | View data |
| 4 | 4 Belgium | 76.2 | 2023 | View data |
| 5 | 5 Germany | 70.6 | 2023 | View data |
| 6 | 6 Sweden | 70.2 | 2023 | View data |
| 7 | 7 Austria | 69.6 | 2023 | View data |
| 8 | 8 Finland | 66.9 | 2023 | View data |
| 9 | 9 Netherlands | 64.5 | 2023 | View data |
| 10 | 10 France | 63.6 | 2023 | View data |
