Wages and salaries in Italy's Basic Iron, Steel, and Ferro-Alloys sector are forecasted to rise from 1.81 billion Euros in 2024 to 1.96 billion Euros in 2028. This indicates steady growth, reflecting a year-on-year increase of approximately 2.21–2.78%. The compound annual growth rate (CAGR) over this five-year period stands at roughly 2.02%, suggesting a modest but consistent upward trend from the previous years.
Future trends to watch for include:
- Global steel demand shifts, impacting wage negotiations.
- Technological advancements potentially altering labor dynamics.
- Economic policies and labor market reforms influencing wage structures.
- Sustainability and environmental regulations affecting operational costs and wage bargaining.