THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
John Lewis Partnership to cut 1,000 jobs

The John Lewis Partnership has announced plans to cut 1,000 jobs across its John Lewis and Waitrose stores as it looks to reduce costs. The group… View Article

GENERAL MERCHANDISE NEWS

John Lewis Partnership to cut 1,000 jobs

The John Lewis Partnership has announced plans to cut 1,000 jobs across its John Lewis and Waitrose stores as it looks to reduce costs.

The group said this will involve simplifying its store management structure, although it will  try to find new roles in the business for store managers losing their jobs. It will also look to minimise compulsory job cuts by offering voluntary redundancy to affected staff.

The group is aiming to cut costs by £300 million a year by 2022.

A spokesperson for the John Lewis Partnership said: “We have announced to our partners our intention to simplify our management structures in Waitrose and John Lewis stores, which will allow us to reinvest in what matters most to our customers.”

The group currently operates 34 John Lewis stores and 331 Waitrose supermarket across the UK. In March, it announced that it had made a pre-tax loss of £517 million for the year to 30 January and said that eight John Lewis stores would not reopen following the easing of lockdown restrictions in April.

 

Subscribe For Retail News