In 2023, the number of persons employed in the manufacture of basic iron and steel in Italy was approximately 68,600 employees. Forecasted data suggests a decline over the next five years, reaching about 65,350 employees by 2028. Year-on-year changes show a steady decrease with a yearly decline of approximately 0.96% from 2023 to 2024, continuing at a similar rate annually. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates an average decrease of about 1.01% in workforce size each year.
Future trends to watch for include:
- Technological advancements potentially leading to increased automation and further reductions in labor needs.
- Shifts in global demand for steel affecting production and employment levels.
- Sustainability initiatives and regulations influencing production methods and employment structures.