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A Possibility Of Continuing Large Scale Job Losses, Warns ILO

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The number of working hours lost across the world in the first half of 2020 was significantly worse than previously estimated, while the highly uncertain recovery in the second half of the year will not be enough to go back to pre-pandemic levels, even in the best scenario, and risks seeing continuing large scale job losses, warns the International Labour Organization (ILO).

According to the ILO Monitor: COVID-19 and the world of work: 5th Edition , there was a 14 per cent drop in global working hours during the second quarter of 2020, equivalent to the loss of 400 million full-time jobs (based on a 48-hour working week). This is a sharp increase on the (issued on May 27), of a 10.7 per cent drop (305 million jobs), than the previous monitor

A Possibility Of Continuing Large Scale Job Losses, Warns ILO
 

"The new figures reflect the worsening situation in many regions over the past weeks, especially in developing economies. Regionally, working time losses for the second quarter were: Americas (18.3 per cent), Europe and Central Asia (13.9 per cent), Asia and the Pacific (13.5 per cent), Arab States (13.2 per cent), and Africa (12.1 per cent).

The vast majority of the world's workers (93 per cent) continue to live in countries with some sort of workplace closures, with the Americas experiencing the greatest restrictions," the ILO has said.

Read more about: job ilo
Story first published: Wednesday, July 1, 2020, 16:46 [IST]
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