1.6 billion at the risk of losing jobs, warns ILO

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News:According to the International Labour Organization(ILO) report, nearly half of the global workforce is at risk of losing livelihoods due to COVID-19.

Facts:

International Labour Organization(ILO):

  • Established in: 1919 
  • Aim: To promote social and economic justice through setting up of international labour standards.
  • Members: 187 member states
  • Headquarters: Geneva, Switzerland
  • Significance: It is the first affiliated specialized agency of the United Nations and the only tripartite U.N. agency that brings together governments, employers and workers to set labour standards, develop policies and devise programmes promoting decent work for all women and men.
  • Recognition: It received the Nobel Peace Prize in 1969 for improving peace among classes, pursuing justice for workers and for technical assistance to other developing nations.
  • Reports: a) World Employment and Social Outlook b) Global Wage Report and c) World Social Protection Report.