The employment in the Manufacture of Basic Iron and Steel Sector in France has seen a general decline over the past decade, with a registered value of 33.13 thousand FTE in 2023, reflecting a 1.16% year-on-year decrease. From 2013 onwards, the sector experienced several periods of decline interspersed with brief recoveries, notably a 4.56% increase in 2018 followed by subsequent drops. The average annual variation (CAGR) over the last five years (2018-2023) was -1.67%.
Future trends to watch for:
- The employment forecast from 2024 to 2028 suggests a continued decline, with an average annual decrease (CAGR) of -0.93% and an overall reduction of 4.59% over this period.
- Key factors might include automation, shifts in global steel demand, and environmental regulations pushing for more sustainable but less labor-intensive production methods.
Close monitoring of policy changes and global market shifts will be imperative for accurately forecasting employment trends in this sector.
