GENEVA / ILO UNEMPLOYMENT

20-Oct-2008 00:01:17
The International Labour Organization's Director General, Juan Somavia says that the global financial crisis will increase unemployment by 20 million. ILO

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STORY: GENEVA / ILO UNEMPLOYMENT
TRT: 1.17
SOURCE: INTERNATIONAL LABOR ORGANIZATION (ILO)
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 20 OCTOBER 2008, GENEVA, SWITZERLAND

SHOTLIST:

1. Wide shot, meeting
2. SOUNDBITE (English) Juan Somavia, Director General International Labor Organization:
"I think that the most important thing is not to forget that the financial crisis is affecting real people in their life, in their life in the family and in the communities, it's affecting the real economy. We have made calculations at the International Labor Organization of what would be the global impact of this crisis in terms of employment, and we calculate – it's a preliminary estimate -- that 20 more million people worldwide will be unemployed, and that's a major figure."
3. Med shot, Juan Somavia at meeting
4. SOUNDBITE (English) Juan Somavia, Director General International Labor Organization:
"At the International Labor Organization we believe that to address this crisis we have to concentrate on protecting people and promoting sustainable enterprises. Protecting people is about making sure that the pensions are there, making sure that they have unemployment benefits, that they have access to healthcare, that you care for the most vulnerable. Promoting enterprises, I would say is mainly about small enterprises, getting credit flowing to them, but also the support so they don't have to close and they can have the possibility of creating new jobs."
5. Wide shot, meeting

STORYLINE

The global financial crisis could increase world unemployment by an estimated 20 million women and men, Juan Somavia, the Director-General of the International Labour Office (ILO) said today in Geneva.

"I think that the most important thing is not to forget that the financial crisis is affecting real people in their life, in their life in the family and in the communities, it's affecting the real economy," he said.

Based on revised global growth estimates by the International Monetary Fund (Note 1) (IMF), the UN and early reports suggesting rising job losses for most countries where data was available, ILO Director-General Juan Somavia said the ILO's preliminary estimates indicated that the number of unemployed could rise from 190 million in 2007 to 210 million in late 2009.

Mr. Somavia also said that the current crisis would hit hardest such sectors as construction, automotive, tourism, finance, services and real estate. He also noted that the new projections "could prove to be underestimates if the effects of the current economic contraction and looming recession are not quickly confronted."

Mr. Somavia said his concerns included restoring credit flows; maintaining and enhancing social protection, including pensions, unemployment benefits, child support and health care schemes. "Promoting enterprises, I would say is mainly about small enterprises, getting credit flowing to them, but also the support so they don't have to close and they can have the possibility of creating new jobs," he added.
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U081020b