The labour cost per employee FTE in Europe's basic iron, steel, and ferro-alloys sector varies significantly across countries. In 2023, Belgium and Iceland exhibited the highest costs, exceeding 104 thousand euros per employee. Central European nations such as Austria, Switzerland, and Germany showed lower costs, between 78 and 89 thousand euros. Southern and Eastern European countries, such as Greece, Portugal, and Poland, had significantly lower costs, under 45 thousand euros. Bosnia and Herzegovina recorded the lowest labour costs at around 12 thousand euros. Over the last two years, no significant year-on-year variations were observed. The past five-year CAGR was stable, reflecting matured market dynamics.
Future trends to watch include the impact of potential economic policies on labour costs, productivity enhancements, and shifts in global trade dynamics affecting the European iron, steel, and ferro-alloys sectors. Additionally, automation and technological advancements may further influence cost structures and the need for specialized skills.
Top countries in Basic Iron, Steel and Ferro-Alloys Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Belgium | 106.3 | 2023 | View data |
| 2 | 2 Iceland | 104.8 | 2023 | View data |
| 3 | 3 Austria | 89.4 | 2023 | View data |
| 4 | 4 Switzerland | 78.5 | 2023 | View data |
| 5 | 5 Norway | 75.7 | 2023 | View data |
| 6 | 6 Germany | 74.8 | 2023 | View data |
| 7 | 7 France | 71.8 | 2023 | View data |
| 8 | 8 Italy | 70.7 | 2023 | View data |
| 9 | 9 Sweden | 69.9 | 2023 | View data |
| 10 | 10 Finland | 67.3 | 2023 | View data |
