John Lewis staff get 15 per cent bonus

MORE than 90,000 John Lewis and Waitrose staff will receive bonuses worth 15 per cent of salary after the group reported a 9.6 per cent rise in annual profits.

The John Lewis Partnership, which is owned by its 91,000 employees, said staff would receive the equivalent of nearly eight weeks’ pay from a bonus pot of £202.5m.

But the payout is lower than last year’s windfall worth 17 per cent of salary due to the increased cost of servicing the group’s mammoth £1bn pension fund deficit.

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Each worker - from weekend check-out assistants to chairman Charlie Mayfield - receives the same percentage of salary as a bonus.

Details of the windfall came as annual results revealed pre-tax, pre-bonus profits of £376.4m for the 52 weeks to January 25, which were boosted by a successful Christmas for the department store chain and Waitrose supermarket business.

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