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Labour

Fragile recovery seen in global labour market after huge 2020 losses – ILO

GENEVA: Some 8.8% of global working hours were lost last year due to the pandemic, roughly four times the number lost in the 2009 financial crisis, but there are “tentative signs” of recovery, the International Labour Organisation (ILO) said on Monday. The losses compared with the previous year were equivalent to 255 million full-time jobs and included an “unprecedented” 114 million workers joining the ranks of the unemployed and others whose working hours were reduced due to restrictions, it said. “These massive losses…

World Labour Day being observed today

Labour day is being observed across the world including Pakistan on Wednesday (today) to highlight sacrifices and rights of labourers The theme of this year Labour Day is “Uniting Workers for Social and Economic Advancement”. Labour unions will organize seminars, rallies and parades where union leaders will throw light on the importance of Labour Day. Pakistan’s first labour policy was devised in 1972, in which May 1 was declared an official holiday. This policy also formulated the creation of the Social Security…

Labour newcomer Ardern to become New Zealand PM

AUCKLAND: New Zealand's centre-left opposition leader Jacinda Ardern was poised to become prime minister on Thursday in a stunning rise to power, after maverick populist Winston Peters backed the charismatic 37-year-old to form a government. Peters' decision, which came after the September 23 election ended deadlocked, gives her Labour Party the numbers to take office with his New Zealand First and the Greens. "It is an absolute honour and a privilege to have the ability as Labour Party leader to form a government for…

Theresa May: The leader who gambled and lost

LONDON: Prime Minister Theresa May presented herself as a stable leader to take Britain through Brexit, but her gamble of an election backfired and has left her deeply wounded. The Conservative Party leader refused to resign after losing her party's parliamentary majority in Thursday's vote, but has suffered a humiliation from which she will struggle to recover. "She ran a pretty dreadful campaign," said Conservative lawmaker Anna Soubry as the shock results rolled in, calling on May to "consider her position". "It…