The COVID-19 pandemic is expected to wipe out 6.7% of working hours globally in the second quarter of this year, equivalent to the labour of 195 million full-time workers, the International Labour Organization (ILO) said on Tuesday.
More than four out of five people in the global workforce live in places hit by full or partial workplace closures, it said in a report on the “worsening crisis with devastating effects” on the world of work.
“We clearly need and we are seeing it around world on an individualised national basis, efforts to stimulate economic activity through expansive fiscal and accommodating monetary policies - this is absolute essential,” ILO director-general Guy Ryder told a news conference. “I think we have seen in a number of countries very appropriate reactions which enable companies to benefit from public support but at the same time take their responsibilities in retaining their employees and keeping them connected to the company involved and to the labour market,” Ryder said.
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