The International Labor Organization (ILO) warned that as a result of the Coronavirus pandemic, nearly 25 million people might lose their jobs worldwide.
Mr Guy Ryder, ILO Director-General, disclosed this in a statement on Thursday in Abuja after necessary findings.
He noted that certain groups will be disproportionately affected especially less protected and low-paid jobs which has high population of particularly youth and older workers.
According to him, the situation is no longer only a global health crisis, but a major labour market and economic crisis that is having a huge impact on people.
” An initial assessment of the impact of COVID-19 on the global world of work says the effects will be far reaching, pushing millions of people into unemployment, underemployment and working poverty, and proposes measures for a decisive, co-ordinated and immediate response.
“The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million
“However, if we see an internationally co-ordinated policy response, as happened in the global financial crisis of 2008 and 2009, then the impact on global unemployment could be significantly lower, ”he said.
He said the preliminary assessment note, COVID-19 and the world of work: Impacts and responses , calls for urgent, large-scale and coordinated measures across three pillars.
He noted that the three pillars are protecting workers in the workplace, stimulating the economy and employment, and supporting jobs and incomes.
“These measures include extending social protection, suppo