COVID-19: ILO reports 400 million people lost their jobs worldwide
1 July, 2020, 12:05 pm
A total of 400 million people lost their jobs worldwide between April-June due to COVID-19, states the International Labour Organisation.
And 93 per cent of the world’s workers continue to live in countries with some sort of workplace closures, the ILO stated in its latest “ILO Monitor: COVID-19 and the world of work”.
“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,” the ILO warned.
ILO stated 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.
“The new figures reflect the worsening situation in many regions over the past weeks, especially in developing economies.
“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.”