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John Lewis back in profit but no bonus for staff
- The John Lewis Partnership reported a profit of £56m, after a loss of £234m in the previous financial year.
- More customers shopped at Waitrose, leading to a 19% increase in profits, while John Lewis saw only a 2% increase.
- By cutting costs and increasing investment, the group aims to save £900 million by 2027-28.
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13 Articles
John Lewis returns to profit but staff denied bonus as 11,000 jobs still at risk
The John Lewis Partnership (JLP) has returned to annual profit but has ruled out paying its workers a bonus for the second consecutive year in a row with 11,000 jobs reportedly at risk.The department store company made a £56million pre-tax profit in the year to 27 January, which is a reversal from its £234million loss from the last financial year.However, the owner of John Lewis and Waitrose will not pay its workers a bonus despite returning to …
·London, United Kingdom
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Coverage Details
Total News Sources13
Leaning Left2Leaning Right3Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 18%
C 55%
R 27%
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