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Nearly 5 million jobs lost in Ukraine as war pummels economy - ILO

  • calendar 12-May-2022
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Nearly 5 million jobs lost in Ukraine as war pummels economy - ILO

Around 4.8 million jobs have been lost in Ukraine since the start of the Russian invasion in February, as the conflict shut down businesses, strangled exports and drove millions to flee, the International Labour Organisation (ILO) said on Wednesday.The job losses, which account for around 30% of Ukraine's workforce before the invasion, could climb to 7 million if hostilities continue, the ILO said in a study, adding that 3.4 million jobs could return rapidly in the event of a ceasefir Russian forces have pounded Ukrainian cities in a war that has killed thousands, forced more than 5 million people - mainly women, children and older people - to flee and could cause Ukraine's economy to contract by at least one-third in 2022.

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