Kering-owned Swiss watchmaker Ulysse Nardin is championing equality in the workplace by extending parental leave for men from five days to 14 weeks at full pay.
Previously only mothers were given full pay for 14 weeks after the birth of their baby as part of Kering’s group Parental Policy.
“Ulysse Nardin becomes one of the standard bearers of this major initiative which favors gender equality at work,” the company says.
By 2025 Kering wants to reach gender balance and end the gender pay gap at every level of the group.
Currently women account for 49% of employees and 40% of Kering leadership roles. Gucci is the corporation’s biggest brand.
“We are fully committed to diversity and equality for our people, and Baby Leave is a new and important step forward to levelling the playing field. With this policy, we are proud to support every new parent, whatever their personal circumstances, and wherever they live. By harmonizing these benefits for fathers and partners, not only are we giving everyone the same rights – with both parents now being entitled to the same parenting time at home – but we are also supporting women in their career – given that men and women are now equally likely to take extended leave. Our purpose is simple: to build a supportive and inclusive working environment for our employees around the globe. We want Kering to be an employer of choice,” says Béatrice Lazat, Kering’s Chief People Officer.