John Lewis to make more job cuts after slashing staff bonus

 
Caitlin Morrison
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John Lewis See Profits Sink Due To Property Slump
High street stalwart John Lewis has announced another round of job cuts

John Lewis will make further job cuts this year, its managing director Paula Nickolds said today.

She provided no details on how many roles would be impacted, or when the redundancies would take place, according to reports.

In February, the department store said it would cut around 380 jobs in a shake-up of its home and catering businesses. As part of those plans, around 773 employees in total will be entering a consultation period, during which the business will assess whether to keep them on for the 386 jobs it is creating in other areas.

Nickolds, who was appointed as Andy Street's replacement last October, said the job cuts confirmed today were separate to those announced earlier in the year. She said John Lewis requires fewer staff because back-end functions in retail are increasingly becoming automated. Nickolds added that an effort will be made to lift the pay of the employees who remain.

The business has also been reviewing its employee benefits, and a few weeks ago revealed it was trimming the staff bonus this year. The bonus, one of the key perks for John Lewis employees (also known as partners), was cut to six per cent of salary, totalling £89.4m. Last year, the employees were given a 10 per cent bonus.

John Lewis has been contacted for comment.

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