In 2023, labour costs per FTE in Germany's fibre optic cable sector were 58.0 thousand Euros. Going forward, forecasts show an upward trend from 59.4 thousand Euros in 2024 to 65.1 thousand Euros by 2028. From 2024 to 2028, the average annual growth rate (CAGR) is anticipated at approximately 2.3%. This consistent rise indicates factors such as increased demand for skilled labor, inflation, and technological advancements driving wages.
Future trends to monitor include the impact of technological automation potentially moderating labor cost increases, and evolving governmental policies or market dynamics that could influence wage structures in the fiber optics industry.
