ILO noted that the COVID-19 pandemic has further accelerated in terms of intensity and expanded its global reach. Full or partial lockdown measures are now affecting almost 2.7 billion workers, representing around 81 per cent of the world's workforce.
Employment contraction has already begun on a large (often unprecedented) scale in many countries. In the absence of other data, changes in working hours, which reflect both layoffs and other temporary reductions in working time, give a better picture about the dire reality of the current labour market situation.
Using this approach, as of 1 April 2020, the ILO's new global estimates indicate that working hours will decline by 6.7 per cent in the second quarter of 2020, which is equivalent to 195 million full-time workers.
IATA says 25 mn jobs in aviation, related sectors at risk
International Air Transport Association on Tuesday predicted that some 25 million jobs globally are at risk with airline shutdown due to Covid-19 crisis. Accordingly, a new analysis by IATA shows that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis.
"Globally, the livelihoods of some 65.5 million people are dependent on the aviation industry, including sectors such as travel and tourism," IATA said in a statement.
"Among these are 2.7 million airlines jobs. In a scenario of severe travel restrictions lasting for three months, IATA research calculates that 25 million jobs in aviation and related sectors are endangered across the world...."
Out of the 25 million jobs at risk, 11.2 million are in Asia-Pacific, 5.6 million in Europe, 2.9 million in Latin America, 2 million in North America, 2 million in Africa and 0.9 million in the Middle East. In the same scenario, airlines are expected to see full year passenger revenues fall by $252 billion (-44 per cent) in 2020 compared to 2019. The second quarter is the most critical with demand falling 70 per cent at its worst point, and airlines burning through $61 billion in cash.