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COVID’s led to ‘massive’ income and productivity losses, UN labour estimates show

COVID’s led to ‘massive’ income and productivity losses, UN labour estimates show

Jan 26, 2021, at 03:14 pm

New York: Job losses or reduced working hours due to the impact of the COVID-19 pandemic cost the world the equivalent of 255 million jobs in 2020, the UN International Labour Organization (ILO) said on Monday, noting that the “massive impact” was nearly four times the number lost during the 2009 global financial crisis.