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ILO’s Jobs Pact; a Solid Proposal for Exiting the Financial Crisis

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29 June, 2009

This month’s 98th Session of the ILO Conference adopted a landmark Global Jobs Pact on 19 June. The accord, called a Jobs Pact, was agreed to by governments, trade unions, and employers, and lays out a template for economic recovery and reform.

Jobs, workers’ rights, social protections, quality public services, and sustainability are at the heart of the proposal for a new system of global governance, said International Trade Union Confederation (ITUC) General Secretary Guy Ryder.

ITUC General Secretary Guy Ryder

Global labour unions fear that the ILO will return to a course of business as usual, and that world economic institutions will continue with the failed policies of free-market radicalism. Some commentators say that the financial crisis has already bottomed out and recovery is now imminent, but voices at the 19 June ILO session argue that the affect of lost jobs will be lasting and devastating.

The Jobs Pact is seen as an alternative to shocking ILO projections that the crisis will push 50 million workers into unemployment, and that 200 million of the world’s population will be pushed into extreme poverty. The creation of sustainable jobs is essential, as is the fight against climate change.

Another aspect of the Jobs Pact is the high level of importance given to tripartite dialogue, social dialogue, and collective bargaining. High standards of working conditions and improved wages are vital, along with education and training programmes for the unemployed. The Jobs Pact calls for increased implementation of public-sector job creation schemes.

The Global Jobs Pact signifies an important and significant step forward. Implementation must now occur. The ICEM supports demands for concrete results before the next G20 in Pittsburgh, Pennsylvania, USA, on 24-25 September 2009.