Monday, March 06, 2017

John Lewis..profits down....wages down

John Lewis staff own the company through a trust and take a share of its profits. The business is expected to report a 10% fall in underlying annual profits for last year.

The John Lewis Partnership is expected to announce a bonus of between 6% and 7% of workers’ annual salary. This would be the fourth year in a row that John Lewis has cut the award. It will be the lowest bonus since 1954, when it stood at 4% of pay. The bonus has fallen significantly in recent years. It amounted to 17% of pay in 2013, 15% in 2014, 11% in 2015, and 10% last year.


3 comments:

John Pozzi said...

Consider the alternative to wages at http://www.grb.net

ajohnstone said...

John, i let this comment go but you were close to having your comment classed as spam.

matthew culbert said...

I have him tagged as spam.