-PTI/ NDTV The International Labour Organization (ILO) in its report titled 'ILO Monitor 2nd edition: COVID-19 and the world of work', describes coronavirus pandemic as "the worst global crisis since World War II". United Nations: About 400 million people working in the informal economy in India are at risk of falling deeper into poverty due to the coronavirus crisis which is having "catastrophic consequences", and is expected to wipe out 195 million...
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ILO: COVID-19 causes devastating losses in working hours and employment
-International Labour Organisation News The COVID-19 pandemic is having a catastrophic effect on working hours and earnings, globally. A new ILO report highlights some of the worst affected sectors and regions, and outlines policies to mitigate the crisis. GENEVA: The COVID-19 crisis is expected to wipe out 6.7 per cent of working hours globally in the second quarter of 2020 – equivalent to 195 million full-time workers. Large reductions are foreseen in the...
More »The Covid-19 Pandemic and Indian Agriculture: A Note -R Ramakumar
-Foundation for Agrarian Studies blog The world is sliding rapidly towards a recession. The Covid-19 pandemic will shut down large parts of the world economy for at least a few months more. IMF managing director Kristalina Georgieva stated on March 23, 2020 that the outlook for global growth in 2020 was “negative.” Recovery, if any, is expected only in 2021. According to the International Labour Organisation (ILO), the rise in unemployment...
More »Call for Rs 50,000 crore kitty for workers
-The Telegraph The large-scale unemployment the pandemic was set to cause would cost workers between $860 billion and $3.4 trillion in income losses Several workers’ organisations have demanded a special package to tide workers over the income slump entailed by coronavirus-induced social distancing and economic slowdown, at a time the International Labour Organisation has predicted a loss of 25 million jobs globally. An initial assessment by the ILO said the impact could be...
More »Nearly half a billion people can't find decent work; unemployment set to rise: new UN labour report
-United Nations News Around half a billion people work fewer paid hours than they would like, or are not getting enough access to paid work, shows a study published by the International Labour Organization (ILO) on Monday, which also forecasts that unemployment will rise by about 2.5 million this year. After nine years of relatively stable global unemployment, the World Employment and Social Outlook: Trends 2020 puts the rising jobless numbers down...
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