Skip to main content
Complete Olympic Games coverage at your fingertips
Your inside track on the Olympic Games
Enjoy unlimited digital access
$1.99
per week for 24 weeks
Complete Olympic Games coverage at your fingertips
Your inside track onthe Olympics Games
$1.99
per week
for 24 weeks
// //

Guy Ryder, director-general of the International Labour Organization, at the United Nations, in Geneva, Switzerland, on June 10, 2019.

DENIS BALIBOUSE/Reuters

The head of the International Labour Organization on Monday described the impact of the COVID-19 pandemic on the world of work as “cataclysmic” and much worse than that of the 2008 financial crisis.

Speaking at the opening of the ILO’s two-week ministerial conference, director-general Guy Ryder also warned of an uneven economic recovery after the pandemic, partly fed by inequities in vaccine distribution.

“The impact has been devastating, cataclysmic,” he said. “Taken as a whole this represents a world of work crisis four times as severe as the one triggered by the financial crisis of 2008-2009.”

Story continues below advertisement

The United Nations agency last week said that at least 220 million people were expected to remain unemployed globally this year and that pandemic-linked job losses would not be made up until at least 2023.

“As we increasingly look to the recovery process with some economies growing quickly, very quickly and jobs now being created at great speed, I think we need to be conscious about just how uneven recovery will be if continues on its current trajectory,” Ryder said.

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies