25 MILLION JOBS MAY BE LOST WARNS ILO

Written by on March 19, 2020

The International Labour Congress says almost 25 million jobs could be lost worldwide as a result of the COVID-19 pandemic.

ILO Director-General, Guy Ryder in a statement today in Abuja, said an initial assessment of the impact of COVID-19 on the global world of work says the effects will be far-reaching, pushing millions of people into unemployment, underemployment and working poverty, and proposes measures for a decisive, coordinated and immediate response.

He noted that the organisation are protecting workers in the workplace, stimulating the economy and employment, and supporting jobs and incomes.

These measures according to him include extending social protection, supporting employment retention such as short-time work, paid leave, other subsidies and financial and tax relief, including for micro, small and medium-sized enterprises.

Ryder also said the ILO estimated that between 8.8 and 35 million additional people would be in working poverty worldwide, compared to the original estimate for 2020, which projected a decline of 14 million worldwide.


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