Economics
More Than 1 Billion Workers Face ‘Drastic’ Hit From Virus
- ILO says those in hotels, restaurants, retail most at risk
- Global lockdowns affecting almost 2.7 billion workers
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The coronavirus outbreak is having a “deep, far-reaching and unprecedented” impact on employment, with more than 1 billion workers at high risk of a pay cut or losing their job, according to the International Labor Organization.
With factories, schools and shops shuttered around the world, the Geneva-based body says lockdowns are affecting almost 2.7 billion workers. Within that, 1.25 billion are extremely vulnerable, mainly in hotels, food services, manufacturing and retail. That’s about 38% of the global workforce.