Browsing: Global job loss

Global job loss in the next 90 days-ILO

Due to the COVID-19 pandemic, at least 195 million people around the world will be jobless in the next 90 days (3 months) said a report by the International Labour Organisation (ILO).

International Labour Organisation estimates that almost 38 per cent of the global workforce which represents 1.25 billion workers are employed in sectors such as accommodation, food services, manufacturing and retail trade that are facing a severe decline in output and a high risk of unemployment.

Wholesale and retail segments have the biggest share of workers with 482 million workers who are lowly paid and unprotected while the most affected sector accommodation and food services account for 144 million workers.

According to the ILO report, the food and accommodation sector is suffering from almost full closure in some countries.

The manufacturing sector employs 463 million workers has also been greatly affected by the pandemic with factories closed, workers asked …