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Partnership staff get 17 per cent bonus
9:55am Thursday 7th March 2013 in News
STAFF at John Lewis and Waitrose across Hampshire are set to receive a massive bonus worth more than two months salary after a huge surge in annual profits.
John Lewis and Waitrose staff will receive bonuses worth 17 per cent of salary after the group shrugged off tough high street conditions to report a 15.8 per cent surge in annual profits.
The John Lewis Partnership said its 84,700 employees would receive the equivalent of nearly nine weeks' pay after increasing its total bonus pot to £210.8 million.
Each worker - from weekend check-out assistants to chairman Charlie Mayfield - receives the same percentage of salary as a bonus.
The employee-owned firm unveiled the haul after reporting pre-tax, pre-bonus profits of £409.6 million for the 12 months to January 26 and said the current year had started well, with like-for-like sales up 13.7 per cent at its department store chain.