Pandemic slashes worldwide income from work by a tenth: ILO
GENEVA: Income earned from work worldwide dropped by an estimated 10.7%, or $3.5 trillion, in the first nine months of 2020, compared to the same period a year ago, the International Labour Organization (ILO) said on Wednesday. The figure, which does not include income support provided by governments to compensate for workplace closures during the […]
Nearly half of global workforce at risk of losing livelihoods: ILO
NEW DELHI: Nearly 1.6 billion workers in the informal economy that is nearly half of the global workforce stand in immediate danger of having their livelihoods destroyed, the International Labour Organisation (ILO) has warned, adding that more than 436 million enterprises face high risks of serious disruption globally. In its latest update on […]