Gig economy

BreakingMillions more job losses loom - ILO

Sewing clothes in a garment factory
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More than a billion workers are vulnerable to job losses or sharp wage cuts because of measures to lockdown economies and fight the spread of the coronavirus, according to the Geneva-based International Labour Organisation (ILO).

By the second quarter of 2020, working hours around the globe are expected to drop a further 6.7%, equal to 195 million of the world's 3.3 billion workforce, the ILO, a United Nations agency, said. It called the spread of the coronavirus "the worst global crisis since World War II".

Governments around the world have ordered non-essential businesses to shut, or operations to be curbed and for people to stay at home.

The impact has already reached about 38% of the global workforce the ILO said.

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