Covid-19: Half of the world’s workers could soon be jobless

Covid-19: Half of the world’s workers could soon be jobless

Coronavirus crisis: Half of the world's workers could soon be jobless. Nearly half of the entire global workforce is in immediate danger of having their livelihoods destroyed by the coronavirus pandemic, the International Labour Organisation (ILO) warned on Wednesday, April 29.. The ILO said the risk fell on those workers in the informal economy, and three-quarters of them, some 1.6 billion people were at risk in the second quarter of 2020.. The UN agency said an expected further sharp decline in working hours, due to the Covid-19 crisis, meant that these workers were in "immediate danger of having their livelihoods destroyed".. In its third report on the coronavirus crisis and the world of work, the ILO warned of the impact on the most vulnerable in the labour market, who are often in the hardest-hit sectors.. The ILO said the global workforce was 3.3 billion people, of which more than two billion worked in the informal economy - in jobs characterised by a lack of basic protections, no possibility to work from home and no income replacement during the lockdown.. "Staying home means losing their jobs, and without wages, they cannot eat," the report said.�. ERROR: Macro /ads/dfp-ad-article-new is missing!. Gold