The labor cost per employee FTE in the basic iron, steel, and ferro-alloys industry in Germany is forecasted to see a steady increase from 2024 through 2028. In 2023, this cost stood at 75.0 thousand euros, climbing to 76.0 thousand euros in 2024, which marks the start of the forecasted period. The year-on-year increase is consistently 1.6%, indicating a stable upward trend.
Future trends to monitor include:
- Potential policy changes impacting labor costs.
- Technological advancements possibly affecting labor demand and costs.
- Global market shifts influencing the domestic industry's competitive landscape.
