COVID-19 causes unprecedented jobs crisis, almost all workers and businesses affected by lockdown measures

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...
- Advertisement -

Almost all of the world’s workers, some 94 per cent, were living in countries with some type of workplace closure measures in place in May 2020, according to the UN Secretary-General’s Policy Brief on the World of Work and COVID-19.

Massive losses in working hours, equivalent to 305 million full-time jobs, are predicted for the second quarter of 2020, while 38 percent of the workforce – some 1.25 billion workers – is employed in high-risk sectors.

The Brief says small and medium-sized enterprises – the engine of the global economy – are suffering immensely and many may not recover. Those living in developing countries and fragile contexts face the most dramatic risks, in part because they have the least resilience.

The Policy Brief, which is based on data and analysis from the International Labour Organization (ILO), warns that many of those people who have lost their jobs and livelihoods in recent months will not be able to re-enter labour markets any time soon.

- Advertisement -

Women have been particularly hard hit. They are disproportionately represented in high-risk sectors and are often amongst the first to lose employment and the last to return. Persons with disabilities, already facing exclusion in employment, are also more likely to experience greater difficulties returning to work during recovery.

The world of work cannot and should not look the same after this crisis. It is time for a coordinated global, regional and national effort to create decent work for all as the foundation of a green, inclusive and resilient recovery.” António Guterres, UN Secretary-General

The Policy Brief says the socio-economic impact of the pandemic is falling disproportionately on those who were already in precarious circumstances and who can least absorb the additional blow. The approximately two billion people working in the informal economy – often without rights at work and social protection – suffered a sixty percent decline in earnings in the first month of the crisis alone.

Read Also:  Covid-19: Konga Reassures Govt, Citizens On Last Mile Deliveries

Young people account for more than four in ten of those employed in hard-hit sectors, globally. Combined with disruption to education and training, this places them at risk of becoming a ‘lockdown generation’ that will carry the impact of this crisis for a long time.

- Advertisement -

“The COVID-19 pandemic has turned the world of work upside down. Every worker, every business and every corner of the globe has been affected,” said UN Secretary-General, António Guterres.

The Secretary-General called for action on three fronts:

  • First, immediate support for at-risk workers, enterprises, jobs and incomes, to avoid closures, job losses and income decline.
  • Second, a greater focus on both health and economic activity after lockdowns ease, with workplaces that are safe, and rights for all.
  • Third, mobilization now for a human-centred, green, sustainable and inclusive recovery that harnesses the potential of new technologies to create decent jobs for all, and takes advantage of the creative and positive ways companies and workers have adapted to these times.
Read Also:  Fight Against Cancer: GE Healthcare collaborates with Nigeria's NSIA to advance early Cancer detection in Nigeria

“The world of work cannot and should not look the same after this crisis. It is time for a coordinated global, regional and national effort to create decent work for all as the foundation of a green, inclusive and resilient recovery,” the Secretary-General said.

- Advertisement -
COVID-19 causes unprecedented jobs crisis, almost all workers and businesses affected by lockdown measures - Brand SpurCOVID-19 causes unprecedented jobs crisis, almost all workers and businesses affected by lockdown measures - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

COVID-19 causes unprecedented jobs crisis, almost all workers and businesses affected by lockdown measures - Brand SpurCOVID-19 causes unprecedented jobs crisis, almost all workers and businesses affected by lockdown measures - Brand Spur

Latest News

New F5 Research Reveals 75 Percent of Asia Pacific Consumers Do Not Feel Responsible for Their Own Data Security

F5’s latest Curve of Convenience 2020 report shows that application users in Asia Pacific routinely overlook high-profile breaches in...

Vingroup partners with Medtronic to produce ventilator components

HANOI, VIETNAM - Media OutReach - August 13, 2020 - On August 12, 2020, VinSmart Research and Production Joint Stock Company (a subsidiary of Vingroup) officially announced the strategic...

Envision Digital Addresses Consumers’ EV Adoption Pain Points in Germany with New Home Charging Solution, Aims to Spur Electric Mobility Revolution

End-to-end, affordable solution solves private charging infrastructure gap and complements local government schemes to accelerate sustainable living and seven to 10 million EV take-ups...

Infinix to announce Zero 8 soon as its flagship smartphone for 2020

NAIROBI, KENYA and DODOMA, TANZANIA - Media OutReach - 13 August 2020 - Infinix is said to launch Zero 8 soon, which is the latest product of its...

Guinness Nigeria Plc Notifies Of Fire Incident At Its warehouse; Restates Commitment To Prompt Services

On the 13th of August, 2020, there was a fire outbreak at one of Guinness Nigeria Plc's external warehouses on Wempco Road, in the...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -COVID-19 causes unprecedented jobs crisis, almost all workers and businesses affected by lockdown measures - Brand SpurCOVID-19 causes unprecedented jobs crisis, almost all workers and businesses affected by lockdown measures - Brand Spur