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ICRC to cut some 1,500 jobs as humanitarian budgets seen sliding
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GENEVA (Reuters) – The International Committee of the Red Cross said it would cut some 1,5000 jobs and roll back operations in some locations as budgets for humanitarian aid are expected to decrease.
GENEVA (Reuters) – The International Committee of the Red Cross said it would cut some 1,5000 jobs and roll back operations in some locations as budgets for humanitarian aid are expected to decrease.
The Geneva-based organisation said its governing board last week approved 430 million CHF ($475.30 million) in cost reductions over 2023 and early 2024.
“Approximately 1,500 jobs worldwide will have to be cut over the coming 12 months,” ICRC said in a statement on Tuesday.
“At least 20 of currently 350 locations around the world will close — where, for example, the area can be covered by another ICRC office, or where other humanitarian or development partners can take over. We will also be scaling back and closing some of our programmes.
ICRC said several end-of-year pledges by donors had not come through “at the level we had anticipated” and that costs had been higher than planned in the last quarter of 2022.
Established in 1863, ICRC provides humanitarian aid to victims of armed conflicts.
($1 = 0.9047 Swiss francs)
(Reporting by Gabrielle Tétrault-Farber; Editing by Christina Fincher)
Humanitarian aid refers to assistance provided to people in need, often during crises such as natural disasters or armed conflicts, aiming to alleviate suffering and maintain human dignity.
A financial crisis is a situation where the value of financial institutions or assets drops significantly, leading to a loss of confidence, liquidity shortages, and economic instability.
Economic growth is the increase in the production of goods and services in an economy over time, typically measured by the rise in gross domestic product (GDP).
International organizations are entities established by multiple countries to address global issues, promote cooperation, and facilitate dialogue on matters such as trade, security, and humanitarian efforts.
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