81 percent of workforce at risk of job loss due to the Corona crisis

81 percent of workforce at risk of job loss due to the Corona crisis

9 April 2020 09:27 am

The spread of the Covid 19 to a global epidemic has posed a serious risk to the health sector and, on the other hand, its impact on the global economy.

According to the International Labor Organization, 81% of the world's 3.3 billion workforce is at risk of losing their jobs due to the global epidemic of corona. They point out that they are already facing the same situation due to the closure of workplaces in whole or in part.

The Director General of the International Labor Organization, Guy Ryder, emphasizes that the economies of developed and developing countries are facing this crisis, urging them to work together quickly and decisively. He states that right, urgent action can make the difference between survival and collapse.

According to their new study, 1.25 billion workers are employed in sectors identified as high risk of "serious and devastating" layoffs and reduced wages and working hours.

The International Labor Organization states that many people are employed in low-paying, low-skilled jobs, and that the loss of income suddenly is disastrous. It is said that around two billion people in the world are working in the informal sector. This vulnerability has been recognized, especially in emerging and developing economies.