UBS Criticized for Maternity Leave Cuts: FT

The transcript discusses the issue of UBS allegedly penalizing women for taking maternity leave by reducing their bonuses and resetting their bonus levels. This practice is seen as a long-term punishment and is criticized as an excuse for cost-cutting. The discussion highlights the broader implications of such actions and questions the fairness and ethics of UBS's approach.

What was the reaction of the speaker regarding the excuse used by UBS for cutting bonuses?

In what year does the speaker express disbelief about the situation at UBS?