Coronavirus: ILO estimates 305 million full-time jobs could be lost

Elias Hubbard
April 30, 2020

"We have seen that in the first month of the crisis we estimate a drop of 60pc in the income of informal workers around the world - that is the global average".

Globally, there are some 3.3 billion workers.

The ILO also highlighted the needs of the most vulnerable workers and businesses, in particular those in the informal economy, migrant and domestic workers.

It said the Americas (down 12.4 per cent), followed by Europe and central Asia (down 11.8 per cent each) would be the regions losing the most working hours over the second quarter.

Without such controls, countries face the very real risk of a resurgence of the virus and putting in place the necessary measures will minimise the risk of a second wave of contagion contracted at the workplace, it said.

"Some sectors of the population such as women, youth, older workers, migrants and self employed persons are disproportionately affected by the Covid-19 pandemic", said ILO Country Director in Bangladesh, Tuomo Poutiainen.

"Without alternative income sources, these workers and their families will have no means to survive". Majority of them belong to the hardest-hit economic sectors, which is 232 million in the wholesale and retail sectors, 111 million in manufacturing industries, 51 million in accommodation and food services and 42 million in real estate and other business activities.

However, the report also pointed out that the proportion of workers living in countries with recommended or required workplace closures has decreased from 81% to 68% in the last two weeks, due to the lifting of restrictions in China, where the pandemic broke out past year.

What is essential is urgent, targeted and flexible measures to support workers and businesses, particularly smaller enterprises, those in the informal economy and others who are vulnerable.

The ILO referred to as for "more potent employment insurance policies... better-resourced and complete social coverage methods, and global co-ordination on stimulus programs and debt aid measures".

"We know that in the second quarter of this year, total man-hours will be reduced by 10.5%, said the ILO Director-General guy Ryder". It also says global coordination of economic stimulus measures and debt relief will be critical for a sustainable recovery.

The world's poorest are already losing most of their incomes to the coronavirus as the pandemic and the resulting lockdowns ravage economies across the globe, the International Labour Organisation has warned.

An easing of the lockdown in China meant thousands of businesses had reopened and increased the hours of their workers. "They have no savings or access to credit", he said. "If we don't assist them now, those enterprises will merely perish".

Worldwide, more than 436 million enterprises operating in the hardest-hit economic sectors, face high risks of serious disruption, it said.

Other reports by Click Lancashire

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