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John Lewis staff to share £151m in bonuses
Staff bonus amounts to 15% of basic salary and is higher than last year. The John Lewis Partnership has handed a bigger-than-expected annual bonus of £151m to its staff after enjoying a near-10% rise in profits.
The group, which operates 224 Waitrose supermarkets as well as 29 department stores, announced annual profits of £306.6m this morning, excluding bonuses and tax.
The John Lewis group is a partnership owned by its 70,000 permanent staff, and all of them – from the chairman Charlie Mayfield and the managing director Andy Street down to shop assistants and shelf-stackers – get the same percentage payout. Analysts had expected a bonus pot of £140m. read the rest at guardian.co.uk
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