The forecasted labor cost per employee FTE in the basic iron, steel, and ferro-alloys industry in France shows a steady incremental increase from 2024 through 2028. In 2023, labor costs were registered at a lower point before the forecasted increase to 72 thousand euros in 2024. Through 2028, these costs are predicted to rise modestly each year: by 0.28% from 2024 to 2025, 0.28% from 2025 to 2026, 0.14% from 2026 to 2027, and 0.28% from 2027 to 2028. The CAGR from 2024 through 2028 demonstrates a stable average yearly growth.
Looking forward, attention should be given to potential changes in labor market dynamics, technological advancement in production processes, and potential macroeconomic factors such as inflation and market demand, which may influence future labor costs. Monitoring these trends will be crucial for accurate forecasting and strategic planning.
