The COVID-19 crisis is expected to wipe out 6.7% of working hours globally in the second quarter of 2020 — equivalent to 195 million full-time workers, the International Labour Organization (ILO) said Tuesday.

“Workers and businesses are facing catastrophe, in both developed and developing economies,” said ILO Director-General Guy Ryder, addressing journalists via video conference.

“We have to move fast, decisively and together. The right, urgent measures could make the difference between survival and collapse,” he said from the ILO headquarters in Geneva.

Ryder underlined that substantial reductions in employment were foreseen in Arab countries with 8.1% or 5

Read more: COVID-19 to trigger roughly 195 million job losses: ILO