April 20, 2021
1 min read

Layoffs in EU reach record high

Temporary layoffs are measures taken by employers facing reduced sales or production…reports Asian Lite News

The pandemic-related restrictions introduced by the governments of the European Union (EU) member states have resulted in the closure of businesses and record temporary layoffs, according to authorities.

Temporary layoffs are measures taken by employers facing reduced sales or production, reports Xinhua news agency.

Temporarily laid off workers are usually re-engaged once work picks up.

In the first quarter of 2020, three million Europeans were absent from work because of temporary layoffs, Eurostat, the EU’s statistical office, said on Monday.

By the end of the second quarter, their number had increased to 13.8 million.

Then in the third quarter, the number of temporary layoffs fell to two million.

Finally, in the fourth quarter of 2020, the number of temporary layoffs rebounded to 3.1 million, Eurostat added.

The levels of temporary layoffs in the EU had been relatively stable at around 0.5 million people before 2020, with the exception of 2009, when their number increased to one million.

In January and February this year, the unemployment rate in the EU stood at 7.3 per cent and 7.5 per cent, respectively, equivalent to almost 16 million people.

Also read:Migrants once again queue up to head home

Previous Story

Putin to speak at Biden’s climate summit

Next Story

Modi rules out lockdown

Latest from -Top News

Pakistan in the Dark: Power Crisis Boils Over

Regular power outages are a fact of life in Pakistan, but recent developments suggest that the situation is escalating to new extremes….writes Nasir Khattak In early January 2025, a nerve-breaking power outage

IBPC Dubai charts new growth path

Former Tata Motors CEO Ravi Kant headlines exclusive event as Indian business council sets course for transformation….reports Asian Lite News The Indian Business & Professional Council (IBPC) Dubai has signalled a significant

Miles in the Malls!

Dubai Mallathon kicks off today – The emirate’s biggest malls transform into indoor fitness arenas, inviting residents to walk, run, and win — all while staying cool, healthy, and community-connected….reports Asian Lite

Famine grips Gaza, WHO warns

WHO said Gaza’s population is facing acute food insecurity under the Integrated Food Security Phase Classification…reports Asian Lite News The World Health Organisation (WHO) has issued its starkest warning yet about the

Lifeline from UAE to Gaza

UAE’s Operation Chivalrous Knight 3 sustains Gaza’s collapsing health system with hospitals, treatment, aid, and vaccines, offering vital relief to thousands amid deepening crisis….reports Asian Lite News The United Arab Emirates has
Go toTop

Don't Miss

German navy chief steps down over Ukraine remarks

Putin is probably putting pressure because can do it and

15 EU states demand plan to send asylum seekers to third countries

They want the EU to toughen its asylum and migration