Half of the world’s workers could lose livelihoods: ILO

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Half of the world’s workers could lose livelihoods: ILO

Apr 30, 2020 12:39 IST

Almost 1.6 billion workers in the informal economy, which is nearly half of the global workforce, face an immediate danger of losing their livelihoods due to the coronavirus pandemic, the International Labour Organization has said. More than 430 million enterprises in hard-hit sectors such as retail and manufacturing risk "serious disruption", the UN agency added. Due to lockdowns or because they work in hard-hit sectors, these workers globally have seen a 60% drop in income during the first month of the crisis, according to ILO estimates.

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