COVID-19 as an immediate cause of economic pressures is likely to be time limited. It is therefore important that adequate continuity planning is in place which allows businesses to recover quickly and effectively when demand recovers. Jobs, and therefore job protection, are a crucial part of this ability to recover. Skills and labour are valuable company resources, and retention of these skills can allow businesses to maintain a competitive edge beyond the crisis, avoiding potentially costly hiring and re-training costs in the future. This is especially relevant if there is likely to be competition for skills and talent in certain sectors once the COVID-19 crisis is over. Broader consideration might be given to the macro-economic benefits of job protection, particularly the linkage between income, ongoing consumption, and the overall functioning of the economy. Clearly demonstrating commitment to the workforce has significant additional benefits including maintaining the goodwill of workers, customers, and the broader community.
The International Civil Aviation Organization (ICAO) is a specialized agency of the United Nations, and it recognizes its potential to initiate global action. ICAO actively contributes to the achievement of the United Nations Sustainable Development ...Read More
Authors: Livia Wagner, Thi Hoang The policy brief was originally posted here on GI-TOC website, as part of its #CovidCrimeWatch initiative. The coronavirus is not only claiming hundreds of thousands of lives, but is also causing a global econo...Read More
The tragic event at Rana Plaza on April 24, 2013 drew the attention of the world to the conditions prevailing in the ready-made garment sector of Bangladesh. In its wake, over 150 European textile companies signed a legally binding agreement to main...Read More
With the global refugee crisis showing no signs of abating, multinational companies need to consider how their supply chain interacts with refugees, who are often more vulnerable to forced labor when they seek out work in a new country. Combating F...Read More
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