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Reuters
Reuters
Business

Coronavirus outbreak could destroy up to 25 million jobs - ILO

A worker sprays disinfectant at Taman Mini Indonesia Indah (TMII), which is closed due to the coronavirus disease (COVID-19) outbreak spreading in Jakarta, Indonesia, March 18, 2020. REUTERS/Ajeng Dinar Ulfiana

The coronavirus pandemic could trigger a global economic crisis and destroy up to 25 million jobs around the world if governments do not act fast to shield workers from the impact, the International Labour Organization (ILO) said on Wednesday.

"However, if we see an internationally coordinated policy response, as happened in the global financial crisis of 2008/9, then the impact on global unemployment could be significantly lower," ILO said.

The organization called for urgent, large-scale and coordinated measures to protect workers in the workplace, stimulate the economy and support jobs and incomes.

(Reporting by Michael Nienaber; Editing by Paul Carrel)

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