Finance bosses should ‘get over’ long-hours culture that punishes women, ILO chief says

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The coronavirus crisis is deepening the gender disparity in the finance sector, and City bosses need to dismiss “dusk to dawn” working norms to help reverse course, said the director general of the International Labour Organisation.“The finance sector is not known as a paragon of leadership in gender issues,” Guy Ryder told Financial News, warning that the virus outbreak is affecting women in the City disproportionately.“The work is sort of accumulating on women rather than being more fairly shared out.” His comments come as the ILO announced yesterday that the coronavirus pandemic could wipe out “the modest progress” made on gender equality at work.The United Nations Agency also found that almost 510 million women, or 40% of all employed women, worked in the industries hardest hit by the pandemic compared to 36.6% of men.In May, a report by Citigroup found that 31 million women could lose their jobs due to the pandemic.Asked what finance firms should do about the gender disparity in the finance sector, Ryder said employers should “get over themselves”.“Finance employers need to get over this notion that people have to work from dawn to dusk.“The lesson so far with a pandemic is remote-working can …

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