John Lewis planning major workforce cuts over five years- QHN

John Lewis has confirmed it is planning to further cut its workforce over the next five years.

Up to 11,000 jobs at the retail partnership – amounting to 10% of the workforce – could reportedly go, according to the Guardian.

John Lewis said the losses would include redundancies and not replacing vacant positions.

John Lewis said the losses would include redundancies and not replacing vacant positions.

The group currently employs 76,000 people across its supermarkets, department stores and head office. It is owned by its workers through a trust, who are known as Partners.

A spokesperson for John Lewis said in a statement sent to the BBC on Saturday that it “has a plan to return to profit, which involves investing heavily to enhance our customer offer, technology, stores and becoming more efficient”.

“This is working and performance is improving, but as we have already announced, that sadly means reducing the number of Partners we need in our business,” they added.

“It would be inappropriate to discuss details and our Partners will be the first to know about any changes.”

John Lewis has been under financial pressure in recent years – announcing its second ever full-year loss, totalling £234m, in March 2023. It scrapped its staff bonus for the year and closed 16 department stores and several supermarkets, cutting thousands of jobs.

John Lewis has confirmed it is planning to further cut its workforce over the next five years.

John Lewis said the losses would include redundancies and not replacing vacant positions.

Up to 11,000 jobs at the retail partnership – amounting to 10% of the workforce – could reportedly go, according to the Guardian.

The group currently employs 76,000 people across its supermarkets, department stores and head office. It is owned by its workers through a trust, who are known as Partners.

John Lewis said the losses would include redundancies and not replacing vacant positions.

John Lewis said the losses would include redundancies and not replacing vacant positions.

The group currently employs 76,000 people across its supermarkets, department stores and head office. It is owned by its workers through a trust, who are known as Partners.

A spokesperson for John Lewis said in a statement sent to the BBC on Saturday that it “has a plan to return to profit, which involves investing heavily to enhance our customer offer, technology, stores and becoming more efficient”.

“This is working and performance is improving, but as we have already announced, that sadly means reducing the number of Partners we need in our business,” they added.

“It would be inappropriate to discuss details and our Partners will be the first to know about any changes.”

John Lewis has been under financial pressure in recent years – announcing its second ever full-year loss, totalling £234m, in March 2023. It scrapped its staff bonus for the year and closed 16 department stores and several supermarkets, cutting thousands of jobs.

#John #Lewis #planning #major #workforce #cuts #years

Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))