US Congress approves bill to release Epstein files    Saudi Crown Prince highlights 90-year partnership with US at White House dinner MBS said the horizon for Saudi–U.S. cooperation is "bigger and wider than ever" as both nations expand economic and strategic opportunities    Trump designates Saudi Arabia a major non-NATO ally    Saudi Arabia and US sign strategic defense agreement    Saudi Arabia and US seal major AI and civil nuclear agreements during White House summit    Trump approves major US defense sales to Saudi Arabia, including F-35 deliveries    Tawakkalna App's services surpass 1,100, powered by Advanced AI    Saudi entertainment sector draws over 12 million visitors in 3Q 2025    Streets of Washington adorned with Saudi, U.S. flags to welcome the Crown Prince    AlUla's living strategy    Rasf Real Estate announces major expansion drive at Cityscape Riyadh 2025    Justin Trudeau's ex-wife Sophie Grégoire breaks silence on his romance with Katy Perry    Beyond Profit: Riyadh's platform to shape the future of the global non-profit sector    UK to ban reselling event tickets for profit    Japan movie releases postponed in China after Taiwan row    From accidental athlete to Olympian: Rakan Alireza's unlikely road to the Winter Games    Riyadh Season 2025 draws 1 million visitors in 13 days    Athar Festival 2025 opens in Riyadh with record attendance, new creative streams, and Saudi-first innovations    'India's Picasso' is breaking auction records — enraging the Hindu right    D'Angelo, Grammy Awardwinning R&B singer, dead at 51    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



UN labor agency update shows 4.8 million jobs lost to Ukraine war
Published in The Saudi Gazette on 12 - 05 - 2022

An estimated 4.8 million jobs have been lost in Ukraine since Russia's 24 February invasion, according to a brief published on Wednesday by the UN's labor agency.
The impact of the Ukraine crisis on the world of work: Initial assessments estimates that escalating hostilities would further affect the economy, causing employment losses to soar to seven million.
However, if the fighting were to cease immediately, the International Labour Organization (ILO) study says that a rapid recovery could return 3.4 million jobs and reduce employment losses to 8.9 per cent.
Of the more than 5.23 million mostly women and children who have fled Ukraine to neighbouring countries, approximately 2.75 million are of working age – 43.5 per cent, or 1.2 million, of whom had previously held jobs.
In response to the disruption, Ukraine has made considerable efforts to keep the national social protection system operational by guaranteeing payment benefits, including to internally displaced persons, through digital technologies.
The Ukraine crisis also threatens labour disruptions in neighbouring States – mainly Hungary, Moldova, Poland, Romania, and Slovakia – as continued hostilities threaten to force the refugees into longer exiles, further pressuring labour markets and social protection systems, and increasing unemployment.
The economic and employment disturbances are having significant ripple effects on Central Asia, especially countries depending on remittances from Russia, such as Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
These States are among the top ten countries of origin for migrants in Russia, many of whom send significant shares of remittances back to their home nations.
If hostilities and sanctions against Russia lead to job losses for migrant workers, they may return back to their countries, severely triggering economic losses throughout Central Asia as a whole.
Russia's aggression also creates a shock to the global economy, further complicating the COVID recovery, as it is likely to affect employment and wage growth while putting additional pressure on social protection systems.
And in many high-income countries that are showing signs of labour market recovery, the fallout from the Ukraine crisis may worsen labour conditions and reverse some of their gains.
The situation is particularly hard in low- and middle-income countries, many of which have been unable to fully recover from the COVID crisis.
In March, ILO passed a resolution calling on Russia to "immediately and unconditionally cease its aggression" against Ukraine, expressing its grave concern over the severe impact it has on workers and employers who risked their lives to continue working.
To mitigate the impact of the crisis on the Ukrainian labour market, ILO recommended measures to provide targeted employment support in the comparatively safe areas of Ukraine, including by building on the Government-sponsored programme to relocate workers and enterprises.
It also advocated for employers' and workers' organizations to play a role in providing humanitarian support and ensuring the continuation of work, where possible.
Meanwhile, the Food and Agriculture Organization (FAO) brought European and Central Asian countries together to find solutions to the war's impact on global agrifood systems.
The Europe and Central Asia region includes 53 high- and middle-income countries that are home to more than 900 million people.
Although FAO believes that the region is in a "good position" as one of the world's food baskets, hunger levels are rising, along with prices for food, feed, fuel and fertilizer.
As the UN agency closely monitors the global implications of the Ukraine war, it has launched a rapid response plan "to provide life and livelihood-saving" support to farmers inside the war-torn country, where one in five households cannot meet their basic food needs.
To date, funding has been insufficient to support the agency's $115 million plan to reach almost one million individuals. — UN News


Clic here to read the story from its source.