John Lewis Partnership mulls 11,000 job cuts
Sources told the paper that at least 10% of roles in the company could be cut across the group’s head office, supermarkets and department stores
John Lewis Partnership is reportedly considering cutting up to 11,000 roles over the next five years as part of a turnaround plan for the group.
According to The Guardian, news of the potential cuts comes after the group slashed redundancy terms this week.
Sources told the paper that at least 10% of roles in the company could be cut across the group’s head office, supermarkets and department stores.
Department heads are reportedly working on plans and the number of roles in the business is expected to be gradually reduced over several years through redundancies and not replacing staff who leave, The Guardian reported.
One source said executives had discussed cutting as many as 11,000 roles as part of its latest turnaround plan, amid rising pay and other costs and poor sales.
The scale of potential job cuts emerged after the John Lewis Partnership reportedly wrote to workers this week telling them it was cutting the terms of its redundancy package in half, offering one week of pay a year of service instead of two for anyone being made redundant from 1 February.
A spokesperson for John Lewis Partnership told The Guardian: “What we are doing is cost-neutral and it is a rebalancing because any saving on redundancy pay will be directly reinvested into partner pay.”
John Lewis has been contacted for further comment.
