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Search resuls for: "International Labour Organization"


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☆ South Korean millennials and Gen Z are raging against the idea of a 69-hour workweek. They are tired, having fewer babies, and are even working themselves to death.
  + stars: | 2023-04-06 | by ( Nidhi Pandurangi | Reena Koh | ) www.businessinsider.com   time to read: +6 min
The South Korean government wants to increase the workweek to 69 hours. The 69-hour limit relates to a six-day workweek, while the 80.5-hour limit is applicable for a seven-day workweek, according to South Korean outlet Han Kyeo Re. In 2020, 14 delivery couriers in South Korea died of overwork stemming from increased deliveries during the COVID-19 pandemic, Reuters reported, citing a union representative. Notably, the culture of long working hours and death linked to overworking is not specific to South Korea. However, the government is trying to disconnect longer working hours from low birth rates.
☆ Workers’ Pay Globally Hasn’t Kept Up With Inflation
  + stars: | 2023-02-19 | by ( Tom Fairless | ) www.wsj.com   time to read: +1 min
Workers often don’t claw back losses in purchasing power during periods of high inflation . Wage growth across advanced economies is plateauing or declining from high levels. For central banks, it is good news: There are no signs of a spiral in which wages push up prices, which push up wages again. Workers’ purchasing power—their average inflation-adjusted wage—was lower last year than in 2019, before the pandemic, according to the report. So despite strong demand for workers and ultralow unemployment, labor’s share of economic output shrank in many advanced economies.
☆ Global Unemployment to Steady Despite Economic Slowdown, Says International Labour Organization
  + stars: | 2023-01-16 | by ( Paul Hannon | ) www.wsj.com   time to read: 1 min
Unemployment will stay mostly stable around the world this year and next despite a sharp economic slowdown, reflecting a shortage of workers in rich countries among other factors, the International Labour Organization said Monday. High prices for food and energy, coupled with rising interest rates, are expected to slow the global economy this year. The World Bank last week said it expects world output to rise by just 1.7%, which would be the third-weakest expansion in nearly three decades, overshadowed only by the 2009 and 2020 downturns.
☆ Global jobs growth will halve in challenging 2023: ILO
  + stars: | 2023-01-16 | by ( ) www.reuters.com   time to read: +1 min
"The slowdown in global employment growth means that we don't expect the losses incurred during the COVID-19 crisis to be recovered before 2025," said Richard Samans, Director of the ILO's Research Department and coordinator of its newly published report. Progress in reducing the number of informal jobs in the world is also likely to be reversed in the coming years, the ILO said. The global jobs forecast is lower than the previous ILO estimate of 1.5% growth for 2023. "The current slowdown means that many workers will have to accept lower quality jobs, often at very low pay, sometimes with insufficient hours," ILO said. The situation could worsen further if the global economy slows down, ILO added.
☆ Dream11: This Indian company will make employees pay a hefty fine if they bother colleagues on vacation
  + stars: | 2023-01-12 | by ( Diksha Madhok | ) edition.cnn.com   time to read: +1 min
New Delhi CNN —Getting urgent work emails from colleagues even during vacation? This is a common occurrence for many white-collar workers, especially in India where employees feel overworked and underpaid compared to their global peers, according to several studies over the years. Dream11, a fantasy gaming platform, will fine its employees 100,000 rupees ($1,200) if they contact colleagues with “work-related calls or messages” during their time off. Under the policy, called Unplug, employees log off from all office work for seven days in a year. According to the World Health Organization (WHO), working long hours is killing hundreds of thousands of people a year through stroke and heart disease.
☆ World Cup 2022: how many migrant workers have died in Qatar?
  + stars: | 2022-12-09 | by ( ) www.reuters.com   time to read: +5 min
Dec 9 (Reuters) - Here is a look at migrant workers' rights issues in Qatar, which is hosting the 2022 World Cup from Nov. 20-Dec. 18:WHAT IS QATAR'S RECORD ON MIGRANT WORKERS' RIGHTS? * Britain's Guardian reported last year that at least 6,500 migrant workers -- many of them working on World Cup projects -- had died in Qatar since it won the right to stage the World Cup, according to the paper's calculations from official records. * Qatari World Cup organisers, the Supreme Committee for Delivery & Legacy, said that there have been three work-related fatalities and 37 non-work-related deaths among workers at World Cup 2022 sites. * In September, England's FA said families of migrant workers in Qatar who were injured or killed while constructing the infrastructure for this year's World Cup should be compensated. * The shirts worn by the Netherlands team during the World Cup will be auctioned to support migrant workers in Qatar, the Dutch Football Association (KNVB) said this month.
☆ Activists take Qatar workers protest to FIFA boss's home town
  + stars: | 2022-12-07 | by ( Arnd Wiegmann | ) www.reuters.com   time to read: +2 min
The protest by the Avaaz campaign group included an Infantino impersonator holding a World Cup trophy. Qatar, where foreigners make up most of the 2.9 million population, has faced intense criticism from human rights groups over its treatment of migrant workers. Britain's Guardian newspaper reported last year that at least 6,500 migrant workers -- many of them working on World Cup projects -- had died in Qatar since it won the right in 2010 to stage the World Cup. Qatari World Cup organisers have said that there have been three work-related fatalities and 34 non-work-related deaths among workers at World Cup 2022 sites. Amnesty and other rights groups have led calls for FIFA to compensate migrant workers in Qatar for human rights abuses by setting aside $440 million, matching the World Cup prize money.
☆ South Korea orders striking truckers in cement industry back to jobs
  + stars: | 2022-11-29 | by ( Heekyong Yang Joyce Lee | Heekyong Yang | Joyce Lee | ) www.reuters.com   time to read: +3 min
Summary First start-work order ever issued in South KoreaUnion calls order "equivalent to martial law"President says "Will never compromise with illegality"SEOUL, Nov 29 (Reuters) - South Korea ordered striking truckers in the cement industry to return to work on Tuesday, an unprecedented step that invokes tough strike-busting laws as construction sites run out of building materials nationwide. "I will firmly establish the rule of law between labour and management during my term and will never compromise with illegality." The cement industry estimates a cumulative output loss of about 64 billion won ($47.81 million) as of Monday, lobby group Korea Cement Association said. "MARTIAL LAW FOR CARGO WORKERS"Yoon administration is the first in the country's history to issue an order forcing striking transport workers back to their jobs. Government officials will conduct on-site investigations with police, relay the order to the 2,500 cement industry transport workers to return to work, and if they do not comply, suspend their transport licenses for 30 days.
☆ A house price slump is coming. Rising unemployment could make it much worse
  + stars: | 2022-11-23 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +10 min
Brendon O'Hagan/Bloomberg/Getty ImagesNew Zealand is at the sharp end of a global housing market squeeze that has grim ramifications for the world economy. “In an ideal world, you’ll get a bit of froth blown off the top [of house prices] and everything is fine. “A decisive increase in unemployment is a very big danger for housing markets,” said Slater of Oxford Economics. Qilai Shen/Bloomberg/Getty ImagesA drag on the economyMost market watchers are not expecting a repeat of the 2008 housing market crash. But even a modest a fall in house prices will knock confidence, causing homeowners to cut back on spending.
☆ Global jobs growth will 'deteriorate significantly' this quarter - ILO
  + stars: | 2022-10-31 | by ( Emma Farge | ) www.reuters.com   time to read: +2 min
Overall, there were 40 million fewer full-time jobs between July-September than in the fourth quarter of 2019, which is used as the benchmark level before the COVID pandemic, it added. "On current trends, global employment growth will deteriorate significantly in the fourth quarter of 2022," the ILO said in its report on the World of Work. The report also said that excessive policy tightening could cause "undue damage to jobs and incomes in both advanced and developing countries". The ILO warned of declining job vacancies ahead and rising unemployment in the final months of the year. There are already signs that the labour market has cooled considerably in advanced economies, with sharp declines in vacancy growth, it said.
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