In 2023, labour costs per employee in the European cold rolling of narrow strip industry varied significantly by country. Italy led with 74.6 thousand Euros, followed closely by Germany at 72.8 thousand Euros. France and Spain had moderate labour costs at 59.1 and 56.8 thousand Euros, respectively. Greece, Portugal, and Hungary recorded lower costs, with Hungary being the least expensive at 27.0 thousand Euros. Over the past years, variations were minimal, reflecting stability in labour costs across these nations.
Looking forward, several trends may influence the labour cost landscape in the European market:
- Technological advancements reducing manpower needs.
- Potential wage reforms due to inflationary pressures.
- Varying degrees of union influence across countries.
- Automation potentially skewing labour cost dynamics.
Top countries in Cold Rolling of Narrow Strip Labour Cost Per Employee FTE by Country
| # | 7 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Italy | 74.6 | 2023 | View data |
| 2 | 2 Germany | 72.8 | 2023 | View data |
| 3 | 3 France | 59.1 | 2023 | View data |
| 4 | 4 Spain | 56.8 | 2023 | View data |
| 5 | 5 Greece | 41.7 | 2023 | View data |
| 6 | 6 Portugal | 30.7 | 2023 | View data |
| 7 | 7 Hungary | 27 | 2023 | View data |
