Approximately 69.3 thousand workers lost their jobs due to the Covid-19 pandemic according to the National Institute of Statistics (INS), which added that the pandemic is still likely to have repercussions despite the announcement of several effective vaccines against the virus.
For its part, the World Bank revealed in its 2020 annual report that the general closures have greatly affected businesses and workers. Many companies around the world, especially small and medium enterprises in developing countries, are facing major financial crises caused by the accumulation of costs that are borne by them.
The World Bank report also indicated that human capital will continue to be at risk due to declining household incomes. A decline caused by job losses, by the cessation of migrant remittances to their countries of origin and by several other reasons, all caused by the pandemic. Lower incomes will in turn lead families to make sacrifices that will affect the health and education of an entire generation.
Another report from the International Labor Organization (ILO) has revealed that Covid-19 has caused great losses for millions of workers around the world and particularly in North Africa.
In the 3rd quarter of 2020, the number of lost working hours reached an average of 12.9%, while it reached 7 million hours in the 1st, 2nd and 3rd quarters.
The ILO report also revealed that the world experienced an overall decrease in the number of working hours in the 3rd quarter of 12.1%, or 345 million jobs lost. In North Africa, the average for the same period was 8 million jobs and in Arab countries, working hours decreased by 12.4%.
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