In 2023, the number of employees in the manufacture of basic iron and steel sector in France was approximately 36.75 thousand. Forecasted data from 2024 to 2028 indicates a consistent annual decrease in employment, with the year-on-year variation showing slight reductions: approximately -0.63% from 2024 to 2025, -0.66% from 2025 to 2026, -0.63% from 2026 to 2027, and -0.64% from 2027 to 2028. The compounded annual growth rate (CAGR) over these five years suggests a trend of decreasing employment, at an average rate of -0.65% per year.
Future trends to watch for include technological advancements such as automation, which may further decrease the need for a large workforce. Additionally, external factors like regulatory changes and shifts in global iron and steel demand could significantly impact employment levels. Monitoring sustainability initiatives and transitioning to greener technologies could also influence employment dynamics in this sector.
