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French court Orders Credit Suisse to Pay €910,000 in Pregnancy ​Discrimination ⁣Case

Published: 2026/01/15 09:39:09

Background of the Case

A‍ French court has ⁢ordered Credit Suisse to pay €910,000⁤ to a former trader who alleged ‍discrimination after her promotion and ‍raise were delayed following the‍ announcement of her⁣ pregnancy. The ruling, reported ‍by ⁣Agence France-Presse (AFP), highlights ongoing concerns about gender equality and workplace discrimination in⁤ the financial ⁢sector.

Details of the Plaintiff’s Claims

The plaintiff,who ‍began her career at Credit Suisse’s ‍UK operations in France in 2009 as a vice‌ president,argued that she faced discrimination based on her ​sex,pregnancy,and⁣ status as ⁤a mother. She presented approximately ten instances of alleged discrimination to the⁤ court, including what she described as ⁤”structural sex discrimination” within the company and ​the suspension of⁣ her variable compensation coinciding with her pregnancy. ‍ The court found these claims ​to ‌be substantiated.

Court Findings and Ruling

The Paris Court of ‍Appeal determined that the ⁢evidence‌ presented by⁢ the plaintiff ⁣”materially establish[ed]” the existence ⁣of “structural ​sex discrimination within the company.” The plaintiff had applied for‍ a‌ promotion to the position of director three years after joining Credit Suisse. following her pregnancy announcement in September 2014, the promotion was⁢ never granted. After multiple maternity leaves, a mutual termination agreement was reached between the plaintiff and Credit Suisse in June 2016.

Previous Ruling and Appeal

an initial labor court ruling in 2019 awarded the plaintiff €150,000. Though, she appealed ‌this decision, arguing that the amount ⁢was insufficient considering her potential earnings within ‍the bank. The recent ruling ⁢by