WHO Stocks Plunge as Early Retirement Scheme Announced Amid US Withdrawal

The World Health Organization (WHO) has implemented a voluntary early retirement scheme for its employees as a cost-cutting measure in response to the impending exit of the United States from the organization. This scheme is aimed at staff members who are 55 years or older by June. Those who accept the offer will receive four months' pay and must leave the agency by July 15.

This initiative comes as the WHO seeks to address a significant funding gap following the decision by the U.S. President to withdraw the country from the organization. The U.S. is the WHO’s largest government donor, contributing around 18% of its overall funding. The withdrawal process, initiated in January, has prompted the WHO to explore various cost-saving measures, including cutting travel expenditure and halting recruitment.

The early retirement offer is part of a broader strategy to reduce operational costs and ensure the sustainability of the organization's operations. The WHO has been facing financial challenges due to the U.S. withdrawal, which has led to a reduction in funding. The organization is now looking for ways to streamline its operations and maintain its global health initiatives despite the financial setbacks.

The decision to offer early retirement to eligible employees is a proactive step by the WHO to manage its financial resources more effectively. By encouraging older staff members to retire early, the organization aims to reduce its payroll expenses and reallocate funds to critical health programs and initiatives. This move is expected to help the WHO navigate the financial challenges posed by the U.S. withdrawal and continue its mission of promoting global health and well-being.