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.
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.
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