The International Labour Organization (ILO) has announced the elimination of approximately 225 jobs, a direct consequence of reduced U.S. funding to the United Nations agency. ILO Director-General Gilbert F. Houngbo expressed concern over the impact of these job cuts, which affect both the Geneva headquarters and field operations. The reduction in voluntary contributions by the U.S. under the Trump administration has prompted the ILO to consider relocating some of its operations to less expensive cities, potentially easing financial pressures.
In a related development, the ILO has highlighted the broader implications of U.S. trade policies on global employment. The organization revised its global job growth projection for 2025 downward by 7 million, citing the anticipated slowdown in economic growth due to tariff disputes. Nearly 84 million jobs worldwide, particularly in the Asia-Pacific region, are at high risk due to their dependence on U.S. consumption patterns. This adjustment reflects a decrease in global employment growth from 1.7% to 1.5% this year.
The ILO's latest World Employment and Social Outlook update underscores the potential for geopolitical tensions and trade disruptions to negatively affect labor markets globally. Director-General Houngbo emphasized the need to address fundamental issues reshaping the world of work to mitigate these impacts. The organization's findings point to a challenging period ahead for global employment, with significant implications for workers in regions most exposed to U.S. trade policies.
As the ILO prepares to approve its 2026-2027 budget, the agency faces unprecedented financial challenges. With the U.S. contributing 22% of the ILO's $880 million two-year budget, the withdrawal of aid by the Trump administration and other donors has left a significant funding gap. Houngbo warned of the possibility of revising the budget, a rare move for the ILO, highlighting the severity of the current financial situation.
The German labor market has experienced an unusually weak spring recovery this year, with unemployment figures showing a minimal decrease. In May, the number of unemployed individuals dropped by just 12,000 to 2.919 million, a figure that remains 197,000 higher than the previous year,...
The International Labour Organization (ILO), a United Nations agency, has revised its global employment growth forecast downward to 1.5% for this year, citing worsening global economic prospects and ongoing trade tensions. Approximately 53 million jobs are expected to be created, which is 7...
The Trump administration has escalated its trade restrictions against China by targeting the semiconductor industry, specifically the sale of chip design software. This move, as reported by Bloomberg and other sources, involves the Commerce Department's Bureau of Industry and Security...
In a significant incident in Lower Bavaria, a regional train collided with a truck at an unguarded railway crossing near Pocking, resulting in multiple injuries. The accident, which occurred around 3:00 PM on Wednesday, involved a regional train carrying 15 passengers and a truck driven by a...
The United Nations has sharply criticized the US-Israeli method of distributing humanitarian aid in Gaza, describing it as 'heartbreaking' and 'sadistic.' Stephane Dujarric, chief spokesman for UN Secretary-General Antonio Guterres, expressed deep concern over the chaotic scenes of desperate...
