annual bonus news and archive

John Lewis slashes employee bonus to 6 percent

London - The John Lewis has cut its annual employee bonus to 6 percent for this year, down from 10 percent last year as the company's board of directors chose to hold onto more of its annual profits to help strengthen its balance sheet. "The Board has awarded a Bonus of 6 percent, which is equivalent to more than 3 weeks’ pay," said Sir Charlie...

Business|UPDATE

John Lewis to cut staff bonuses to 'lowest level since the 1950s'

The week started off with bad news for employees at Waitrose and John Lewis as The John Lewis Partnership is set to cut their annual bonus to the "lowest level since the 1950s" as high street retailers continue to languish. Employees at John Lewis and Waitrose are predicted to receive an annual bonus of between 6 and 7 percent of their annual...