Food industry a large employer in the Greek manufacturing sector, IOBE reports

The food industry remains a large employer in the Greek manufacturing sector, the Foundation for Economic and Industrial Research (IOBE) said in a report.

Based on Hellenic Statistical Authority data, IOBE said that the food industry’s share in the manufacturing workforce remained at high levels in recent years, although no increase was recorded, mostly because of a small increase in total workforce of the industrial sector in Greece. In 2011, the food/beverage industry’s share in total employment of the manufacturing sector was 28 pct, rising to 37 pct in 2018. IOBE attributed this positive development to a decline in the number of workers in the domestic manufacturing sector in the period up until 2014. The manufacturing workforce fell 23 pct in the 2011-2014 period, while losses in the food/beverage industry were -1.0 pct in the same period. Since 2013, a declining trend in employment in the food/beverage industry was reversed with an annual growth rate of more than 3.0 pct. In 2018 the number of workers in the industry exceeded 130,000.