This holiday season, Kering employees have received a substantial gift for the new year.The Paris-based parent company of Boucheron and Pomellato is enacting a policy that allows 14 weeks of full-pay maternity and adoption leave for employees, plus five days of full-pay paternity and partner leave.
The policy applies to all of Kering’s 38,500 employees around the world and will take effect Jan. 1, 2017.
The minimum leave is applicable to employees who have worked at Kering for a year, “regardless of their personal circumstances or location,” the company said.
Kering has employees in nearly 60 countries, and in countries where full-pay leave is longer than Kering’s policy, the company will honor those countries’ laws.
“Since our employees are at the core of our business and our inspiration, I am proud to launch a policy that represents a major step forward for parenthood in many parts of the world,” said François-Henri Pinault, chairman and CEO of Kering.