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ILO: Losses of workplaces around $ 3.5 trillion

Income fell around the world due to the pandemic. According to the report of the International Labor Organization (ILO). The total loss of businesses closed is around $ 3.5 trillion.

In the International Labor Organization (ILO) report, it stated that the income of workplaces decreased by 10.7 percent in the first 9 months of the year.

This figure corresponds to approximately 5.5 percent of global gross domestic product.

The report noted that businesses that closed continue to disrupt employment markets around the world.

It was stated that this caused the work hour losses to be higher than estimated.

In the report, which reported that employees were affected by the Covid-19 crisis more than previous crises. It was stated that the decrease in female employment was higher than that of men.

Written by Maraaz

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