John Lewis staff get 15 per cent bonus
The John Lewis Partnership, which is owned by its 91,000 employees, said staff would receive the equivalent of nearly eight weeks’ pay from a bonus pot of £202.5m.
But the payout is lower than last year’s windfall worth 17 per cent of salary due to the increased cost of servicing the group’s mammoth £1bn pension fund deficit.
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Hide AdEach worker - from weekend check-out assistants to chairman Charlie Mayfield - receives the same percentage of salary as a bonus.
Details of the windfall came as annual results revealed pre-tax, pre-bonus profits of £376.4m for the 52 weeks to January 25, which were boosted by a successful Christmas for the department store chain and Waitrose supermarket business.