Work-related injury and illness cost 3.9 % of the world’s GDP, or roughly €2,680 billion a year, according to new research from the ILO and EU-OSHA.
The estimates were presented for the start of the XXI World Congress on Safety and Health at Work, held in Singapore from 3‑6 September.
In further findings; work-related illnesses accounted for 86 % of all deaths related to work worldwide, and 98 % of those in the EU. In most European countries, work-related cancer accounts for the majority of costs (€119.5 billion or 0.81% of the EU’s GDP), with musculoskeletal disorders being the second largest contributor.
Research was conducted by the International Labour Organization and European Agency for Safety and Health at Work (EU-OSHA) as part of a project to calculate the cost of poor occupational safety and health (OSH).
Director of EU-OSHA, Dr Christa Sedlatschek, commented: "Safe and healthy work is a fundamental human right but these new estimates of the costs of poor or non-existent OSH measures show that the economic case for OSH has never been stronger.
Work-related ill-health and injury is costing the European Union 3.3 % of its GDP. That’s €476 billion every year which could be saved with the right occupational safety and health strategies, policies and practices."
To see infographics created by EU-OSHA for the study, click here
By Belinda Liversedge on 22 November 2022
The government has launched a new scheme to help remove barriers keeping older workers out of the jobs market after figures show that over 50s are still the main age group dropping out of work.
By Belinda Liversedge on 25 November 2022
Work and pensions secretary Mel Stride has expressed concern about alleged conditions at fashion brand Boohoo’s warehouse in Burnley following a Times investigation.
By Belinda Liversedge on 30 November 2022
Bikes, bananas and one-off events don’t cut it anymore when it comes to wellbeing, states a new report from Deloitte which says that wellbeing needs investment and a strategy.