COVID-19: large scale job losses, 400 million full-time jobs. The COVID-19 pandemic is having a catastrophic effect on working hours and earnings, globally. Even in the best scenario, and risks seeing continuing large scale job losses, warns the International Labour Organization (ILO).

There was an unprecedented 14 per cent drop in global working hours during the second quarter of 2020, equivalent to the loss of 400 million full-time jobs.