Reuters logo
John Lewis pays staff 15 pct bonus as profits rise
March 6, 2014 / 9:41 AM / 4 years ago

John Lewis pays staff 15 pct bonus as profits rise

LONDON, March 6 (Reuters) - British retailer, the John Lewis Partnership , posted a 9.6 percent rise in underlying year profit, though it cut its staff bonus payout to 15 percent of salary.

The employee-owned group, which runs Britain’s biggest department store chain as well as upmarket grocer Waitrose, said on Thursday its profit before tax, a staff bonus pool of 202.5 million pounds ($338.8 million) and one-off items rose to 376.4 million pounds in the year to Jan. 25.

John Lewis said its 91,000 staff, known as partners, will be paid a bonus of 15 percent of salary, equal to nearly eight weeks pay, down from 17 percent last year.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below