Pfizer announces 12-week paternity leave policy for its employees

The policy that came into effect on January 1, 2023, gives biological and adoptive fathers the option to take leaves in up to four tranches

Pharma company Pfizer has announced a 12-week paternity leave policy for its employees, the company said in a statement on Thursday. The move has been taken as part of the company's diversity and inclusion initiatives.

According to the statement, the new leave policy is applicable from January 1, 2023. It can be availed by biological as well as adoptive fathers.  

The policy gives both biological and adoptive fathers the option to take leaves over a period of two-year in a maximum of four tranches. A single tranche of leaves may be taken for a minimum of two weeks and a