UN Faces Financial Crisis: Plans to Cut 7,000 Jobs

UN Faces Financial Crisis: Plans to Cut 7,000 Jobs

The United Nations is grappling with a severe financial crisis, prompting plans to reduce 7,000 jobs globally. The U.S. owes significant outstanding payments, adding to the organization's challenges.

Thousands of people may soon lose their jobs in the United Nations (UN). The United Nations Secretariat is preparing to cut its $3.7 billion budget by 20 percent and cut about 6,900 jobs.

Let us tell you that this directive has come amid the economic crisis, which is caused by the United States.

In addition to cutting U.S. foreign aid during President Donald Trump's tenure, which has harmed U.N. humanitarian agencies, America owes the United Nations about $1.5 billion for the fiscal year.

U.N. Controller Chandramouli Ramanathan did not cite U.S. failure for this. He said the cuts are part of a review launched in March called 'UN80'.

When will the cuts start?

Ramanathan said, 'This is an ambitious effort to ensure that the United Nations is fit for purpose to support the 21st century, reduce human suffering and build a better life and future for all.' He further said, 'I count on your cooperation for this collective effort whose aggressive timeline has been recognized.'

Let us tell you that the job cuts will be effective from January 1, which is the beginning of the next budget cycle. At the same time, in a public briefing to UN diplomats this month, Secretary-General Antonio Guterres said that he is considering a major change that will merge major departments and transfer resources around the world.

He said that the United Nations can merge some agencies, reduce others, transfer staff to cheaper cities, and eliminate unnecessary bureaucracy.

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