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Coronavirus outbreak could destroy up to 25 million jobs - ILO

ILO said that the COVID-19 outbreak could destroy up to 25 million jobs around the world

twitter-logo Reuters        Last Updated: March 18, 2020  | 21:30 IST
Coronavirus outbreak could destroy up to 25 million jobs - ILO
Coronavirus

The coronavirus pandemic could trigger a global economic crisis and destroy up to 25 million jobs around the world if governments do not act fast to shield workers from the impact, the International Labour Organization (ILO) said on Wednesday.

"However, if we see an internationally coordinated policy response, as happened in the global financial crisis of 2008/9, then the impact on global unemployment could be significantly lower," ILo said.

The organization called for urgent, large-scale and coordinated measures to protect workers in the workplace, stimulate the economy and support jobs and incomes.

Also read: Coronavirus in India Live updates: Noida, Bengaluru report new COVID-19 positive cases; tally crosses 150

Also Read: Coronavirus impact: Mukesh Ambani pads up to protect half a million Reliance employees

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