Home BreakingJohn Lewis warns staff over bonus

John Lewis warns staff over bonus

by LLB Reporter
9th Jan 20 12:24 pm

John Lewis has warned the staff bonus may not happen this year due to a fall in Christmas sales and warned profits are expected to be “substantially down on last year.โ€

The board of directors are due to meet in February to discuss the staff bonus and decide if it is โ€œprudentโ€ to pay any bonus.

The traditional staff bonus will be “influenced by our level of profitability, planned investment and maintaining the strength of our balance sheet,โ€ the partnership said.

Christmas sales were down by 2% on a like-for-like basis, in the seven weeks from 17 November to 4 January, sales in home and technology department were down by 3.4% and 4% respectively.

The last time John Lewis staff did not receive a bonus was in 1953.

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