Retailer John Lewis has stated its employees is not going to acquired a bonus for the third yr in a row, regardless of reporting a leap in annual income.
The retail partnership, which additionally contains the Waitrose grocery store chain, stated income final yr rose by 73% to £97m.
However, it has not restored the employees bonus, saying its desires to put money into its enterprise and staff’ pay as a substitute.
The John Lewis Partnership employs about 73,000 individuals, and earlier this month it stated store staff would obtain a 7.4% pay rise this yr.
The outcomes are the primary below the partnership’s new chairman, Jason Tarry.
“We have made good progress with much more still to do,” Mr Tarry stated.
“Looking forward, I see significant opportunity for growth from both our Waitrose and John Lewis brands.”
https://www.bbc.com/news/articles/cedlwg77nv4o