25 million to loose jobs - UN

India will loose a lot of jobs in the coming 6 months as companies cut costs to survive. We as a group must discusss what all actions should Govt of India take? Summary of UN Report below.

The COVID-19 pandemic will significantly increase global unemployment, leaving up to 25 million more people out of work, and will dramatically slash workers' incomes, the United Nations said on Wednesday, 18 March.

In a fresh study, the International Labour Organization warned that the economic and labour crisis sparked by the spread of the new coronavirus, which has now killed more than 8,000 people worldwide, will have "far-reaching impacts on labour market outcomes".

"This is no longer only a global health crisis, it is also a major labour market and economic crisis that is having a huge impact on people. more  

View all 11 comments Below 11 comments
I agree with all of you. There are opportunities and there are candidate's ready to work. However the pkace of the job has to be suitable. I know a civil engineer with knowledge of six Sigma looking for suitable position. Another a graduate with experience in computers.
Is there any position for these candidates. Pl advise.
Rgds
Balasubramaniam B more  
Hi Naina,
One small comment...
Your subject line states, "25 million to loose jobs ..."
It should say "Lose Jobs" not "Loose Jobs".
Regards,
Suresh


On Thu, Mar 19, 2020 at 7:46 AM Naina Mittal <connect@localcircles.info>
wrote:

> more  
I agree with Mr. Bhuvnesh Thakar. I am looking for people to work in my company but even the unemployed youth are not interested. more  
I disagree with the notion that it is likely to be a labour crisis. Yes, even today, Labour is not available. Everybody wants a govt. job and no one wants to work in private company. I have seen many youngsters who are unemployed but are not willing to work in private companies and are looking for Govt. job only. And their parents support them How stupid. I have seen many many signs with manpower wanted at many places. and every one cries about unemployment. more  
It should read '25 million to LOSE jobs - UN'; NOT '25 million to loose jobs - UN'. more  
Post a Comment

Related Posts

    • Jobless claims data

      US economy was the strongest in its history in Feburary. Within a month the jobless claims yesterday were 6.6 million. See attached. My estimate us India may see 50M go jobless if this C...

      By Sujata Singh
      /
    • Will till you get back to work by newslaundry

      This is how it starts. News reports Say that the sales of top automakers in the country fell by 64 percent in March 2020, primarily due to the lockdown initiated to prevent the spread of...

      By Sridhar Mohan
      /
    • Need for urgent economic package

      Big economic package, now all the more urgent and necessary. Immediate disbursal of pending psu and govt payments to startups smes and corporates. Across--the-board suspension of NPA SM...

      By Shailesh Deshmukh
      /
    • Invoking Force Majure clause in contracts for COVID-19

      If a customer is invoking force majure Due to COVID-19 to cancel a supplier contract, is that valid? Does COVID-19 come under force majure?

      By Aditi Gupta
      /
    • 6 crore children at home

      With several more states closing schools, the number of children at home due to CoronavirusPandemic is now around 6 crore. Opportunity for Indian startups...

      By Sudesh Rai
      /
    • Important Travel Advisory

      Important advisory. If Your company or business has any employees Who have Come back from China singapore japan italy iran thailand Korea france spain germany then they should be going through mand...

      By Sujata Singh
      /
    • Impact of Coronavirus (COVID-19) on India

      In terms of trade, China is the world’s largest exporter and second-largest importer. It accounts for 13% of world exports and 11% of world imports. - India's Import from China

      By Sridhar Mohan
      /
    • Headed into a nasty recession

      Amazon tells 798,000 employees to halt travel in US and abroad over coronavirus fears. This is huge considering Amazon is the number 12 buyer of corporate travel in the U.S.. The compan...

      By Sudesh Rai
      /
    • Corporate HonChos or Scaredy-cats

      It is unfortunate that corporate honchos are first to react when there is a natural calamity like flood or earthquake just to show their solidarity but not a word from them when Delhi was burn and...

      By Rohit Jain
      /
    • Need FMs help to further advance tax date

      Banks are closed from 8th March to 15th March for holidays & bank strike. No payment collection during the days. Request extension of advance tax payment date by another 5 days, ie till 20th Ma...

      By Sudesh Rai
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)