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Jobs and salaries worldwide are hit by Iran war
GENEVA: The Middle East war is undermining wages and working conditions worldwide, according to a new report. The conflict could cost millions of jobs and force earnings down in 2026 and 2027, with a particular risk for migrant workers who send home remittances, the UN’s International Labour Organization said. Energy costs, transport disruption, supply chain pressure, weaker tourism and migrant labor cuts were all weighing on economies, its report said.
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swissinfo.ch
ILO: Middle East crisis could cost 14 million jobs
The crisis in the Middle East could cost 14 million full-time equivalent jobs this year if the price of a barrel of oil exceeds the average for the start of the year by 50%.
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thehindu.com
38 million full-time jobs may fall if war in West Asia continues, warns ILO
The ILO warns that ongoing West Asia conflict could risk 38 million jobs globally due to rising fuel and fertiliser prices.
