2020 information economy crisis

Nearly half of global workforce at risk of losing livelihoods: Survey

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The survey said that the drop in working hours in the current (second) quarter of 2020 is expected to be significantly worse than previously estimated Geneva: 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 global job losses, the ILO said that the drop in working hours in the current (second) quarter of 2020 is expected to be significantly worse than previously estimated.

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