The forecasted number of employees in the manufacture of consumer electronics sector in Austria shows a declining trend. In 2023, there were 200 employees. By 2024, the sector is expected to employ 190 people. From 2024 to 2028, the number of employees decreases steadily: 180 in 2025, 172 in 2026, 166 in 2027, and 161 in 2028.
This represents a year-on-year decrease in employment: approximately 5.26% from 2023 to 2024, 5.56% from 2024 to 2025, 4.44% from 2025 to 2026, 3.49% from 2026 to 2027, and 3.01% from 2027 to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is roughly -4.28%, indicating a consistent reduction in workforce each year.
Future trends to watch for include potential automation and technological advancements, cost-cutting measures, shifts in consumer demand, and possible outsourcing to other countries with lower labor costs. These factors could further impact employment in this sector.