Uk news John Lewis will not give bonus to staff for first time since 1953 London news

MetiNews.Com - The John Lewis Partnership will not give staff members a bonus for the first time since 1953 after the staff-owned business was hit by lockdown store closures. The announcement comes as the group said it posted a £55 million loss for the six months to July 25 after higher costs offset an increase in revenues. Dame Sharon White, chairwoman of the retail group, told partners on

Uk news John Lewis will not give bonus to staff for first time since 1953 London news

MetiNews.Com - The John Lewis Partnership will not give staff members a bonus for the first time since 1953 after the staff-owned business was hit by lockdown store closures. The announcement comes as the group said it posted a £55 million loss for the six months to July 25 after higher costs offset an increase in revenues. Dame Sharon White, chairwoman of the retail group, told partners on

Uk news  John Lewis will not give bonus to staff for first time since 1953 London news
17 September 2020 - 07:48

Breaking News ! The John Lewis Partnership will not give staff members a bonus for the first time since 1953 after the staff-owned business was hit by lockdown store closures. The announcement comes as the group said it posted a £55 million loss for the six months to July 25 after higher costs offset an increase in revenues. Dame Sharon White, chairwoman of the retail group, told partners on Thursday that the announcement “will come as a blow”. She said: “The pandemic has brought forward changes in consumer shopping habits which might have taken five years into five months. “Both brands entered the crisis with strong and established online businesses and in the case of Waitrose, plans for expansion well under way in preparation for the end of the relationship with Ocado. Read more North east faces new lockdown as ministers 'plan to ration tests'-LIVE “Our digital businesses have been key to underpinning our first half performance.

. The closure of eight “financially challenged” outlets, including stores in Birmingham and Watford, was also announced. Read more John Lewis could reduce size of Oxford Street store by up to 40% John Lewis reveals top Christmas toy predictions for 2020 John Lewis confirms eight store closures including Birmingham flagship John Lewis store closures: A full list of UK shops closing John Lewis launches first ever virtual beauty tech department It also emerged this week that the group has drawn up plans for a massive reduction in the size of its Oxford Street store , which will come into force if shoppers continue to stay away from the West End. The Standard learned that the business has asked Westminster council to approve plans that allow it to cut trading space by almost 40 per cent. Documents show that the third, fourth and fifth floors — which house departments such as kitchens and bathrooms, the Christmas shop, toys and children’s books and TV and audio — would be converted into offices to rent out. This would leave tills on only the basement, ground, first and second floors, while the largely unused sixth, seventh and eighth levels would also be turned into offices.

Source = MetiNews.Com

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Uk news John Lewis will not give bonus to staff for first time since 1953 London news


Uk news John Lewis will not give bonus to staff for first time since 1953 London news


Uk news John Lewis will not give bonus to staff for first time since 1953 London news


Uk news John Lewis will not give bonus to staff for first time since 1953 London news

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