The ILO rings NASDAQ Closing Bell

Press release | NASDAQ | 11 July 2019
NEW YORK (ILO News) – On July 11, Deputy Director-General of the International Labour Organization (ILO), Mr. Moussa Oumarou, President and CEO of United States Council for International Business (USCIB), Mr. Peter Robinson, and Deputy General Secretary of the International Trade Union Confederation (ITUC), Mr. Mamadou Diallo, rang the Nasdaq Closing Bell to celebrate the 100 year anniversary of the ILO.

As the second-largest stock market in the world, with approximately 4,000 total listings and a market value of approximately $14 trillion, Nasdaq represents the epicentre of global business. The Closing Bell Ceremony was a celebration, not only of the ILO’s Centenary, but also of the role that business plays as the engine of the economy, driver of innovation and generator of jobs. Healthy, sustainable companies is key to economic and social developments which is needed to build the future we want. 

Behind every business, small or large, are workers. Since the establishment in 1919, the ILO has promoted workers’ rights. It is clear that people deserve decent work. A fair, globalised world can only be based on decent work and social justice. The Closing Bell at Nasdaq also marked the recent adoption of the Convention on Violence and Harassment in the World of Work, which recognizes that violence and harassment can constitute an abuse of human rights, and take a huge toll on individuals and families, businesses, and governments. This is a historic contribution towards making the world of work safer and better for all.

As the world of work is being transformed by technological advances, climate change and demographics, it is imperative to ensure a human-centred approach to the future of work which puts workers’ rights and the needs, aspirations and rights of all people at the heart of economic, social and environmental policies. This will involve harnessing the potential of technological progress and the digital transformation of work for the benefit of all without leaving workers behind. Businesses will play a key role in this, and it is a collective responsibility to ensure that technology works for people.

"We call for a human-centred approach to ensure that the benefits of economic growth are fairly distributed and technology works for people.” - Moussa Oumarou, Deputy Director-General of the International Labour Organization (ILO)

Bringing together workers, employers and governments is the first step in creating a future of work that is human-centred, with social justice at its core. While the tripartite constituency of the ILO has made significant contributions to the world of work in the past 100 years, it is the first time the three parties come together to ring the closing bell at Nasdaq, marking a shared path for the future of work.