GENEVA – In an updated assessment of the social implications of the coronavirus, the International Labour Organisation (ILO) has described the pandemic as “the worst global crisis since World War 2” and estimates that its continuing effects could see 6.7 per cent of working hours globally – the equivalent of 195 million full-time workers – wiped out in the second quarter of the year.
Re-evaluating the impacts the contagion has forced on global trade, the ILO Monitor 2nd Edition: Covid-19 and the World of Work provides sector-specific detail on just how many jobs have been lost and provides hope by establishing pillars under which businesses can look to mitigate damage.
“This is the greatest test for international cooperation in more than 75 years,” said ILO director-general, Guy Rider.
