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Latest NewsPay & benefitsShare options

John Lewis staff to get share of £106m

by dan thomas 10 Mar 2005
by dan thomas 10 Mar 2005

Staff at John Lewis are to share in an annual bonus equal to more than seven weeks’ pay, after the department store chain reported a 24% rise in annual profits.

The £106m pot will be distributed among the partnership’s 63,000 workers, and is up 21% on last year’s payout.

Pre-tax profits rose to £216m, reflecting strong growth at supermarket chain Waitrose where sales rose 10%.

John Lewis said a further £81m would be invested in its pension scheme – up 13% on the previous year – which the company says is the only non-contributory final-salary pension scheme offered by a large UK retail employer.

John Lewis
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