Restructuring for recovery and resilience in response to the COVID-19 crisis

COVID-19 has brought tragic consequences for the health and lives of hundreds of thousands of people around the world. It has also upended economies everywhere, as businesses in various sectors have been forced to temporarily close or adapt their normal working arrangements. Some sectors have decided to stop business altogether. Around the world, enterprises are facing serious challenges to their ongoing viability.

This brief provides guidance to companies on good practices on restructuring in response to the COVID-19 crisis, consistent with the provisions of international labour standards. It also suggests actions that employers’ and workers’ organizations can take to support enterprises and workers during restructuring.