ILO (International Labour Organization)

The International Labour Organization (ILO) is the only tripartite U.N. agency, since 1919 the ILO brings together governments, employers and workers of 187 Member States, to set labour standards, develop policies and devise programmes promoting decent work for all women and men. The unique tripartite structure of the ILO gives an equal voice to workers, employers and governments to ensure that the views of the social partners are closely reflected in labour standards and in shaping policies and programmes. The main aims of the ILO are to promote rights at work, encourage decent employment opportunities, enhance social protection and strengthen dialogue on work-related issues. (Source: www.ilo.org/)

Related Definitions in the Project: The Construction 

Europe Gas Prices To Fall Throughout 2024 Amid High Storage Levels (18 March 2024): Gas prices in Europe could plunge as low as $6.70 per million British thermal units (MMBtu) this summer thanks to a mild winter and ample gas inventories, Wood Mackenzie has said in a new report. The report states that gas markets kicked off the current year on a more bullish note as colder weather swept through Europe while industrial demand maintained its recovering trend, increasing 12% year-on-year in January and around 6% in February. WoodMac has forecast that household gas demand in Europe will increase by 12 billion cu m (bcm) in 2024, under normal weather conditions, while industrial demand will grow by 5.5 bcm as the EU economy rebounds in the second half of the year. However, 9 bcm less gas will go into power generation, implying that overall European demand is set to increase by 9 bcm. Still, it won’t be enough to support higher gas prices with storage levels at record highs. ... (Source: Oil price)