Getty imagesRetailer John Lewis has said that his employees would not get bonus for the third consecutive year despite reporting to jump into annual profits.
Employee ownership The retail partnership, including the Wetroz Supermarket Chain, said that the profits increased by 73% last year.
However, it has not restored the staff bonus, saying that it wants to invest in the salaries of its business and workers.
John Lewis Partnership employs around 73,000 people, and earlier this month it was stated that the shop workers would get 7.4% increment this year.
The new chairman of the result partnership is the first under Jason Terry.
“We have still made good progress to do much,” said Mr. Terry.
“Looking forward, I see important opportunities for development from our Wetroz and John Lewis brands.”
Veterose sales increased by 4.4% to £ 8BN, and it sold its own brand products.
John Lewis said that while it expects the economic environment “challenging to our customers and our business”, it was still confident that it could carry forward profit.
This is the fourth time in five years when John Lewis has not paid the bonus.
The freeze string began in 2020 – the first time it scattered him since 1953 – when the covid lockdown stores were crashed into the closure.
Bloomberg Intelligence Analyst, Charles Alan stated that the lack of bonus was “indicated”.
“I also feel that we have to keep another large increment in light that is coming to the minimum wage jump.
“And then of course, although partners do not see it, you have also increased a huge increase in employer national insurance.”
