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BonusesLatest NewsPay & benefits

John Lewis staff to share £180m payout

by Mike Berry 7 Mar 2008
by Mike Berry 7 Mar 2008

Employees at the John Lewis department store and supermarket group are to share a payout of more than £180m – equal to 20% of their salaries – after the retailer posted profits up 19% at £380m.


The staff bonuses, which will be shared by 69,000 partners who co-own the business, is the biggest for more than 10 years. All employees – from the chairman to the shop floor – will receive the same percentage payout.


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More than 1,000 workers at the flagship John Lewis store in Oxford Street cheered and clapped when the 20% figure was revealed.


Managing director Andy Street, the group’s former HR director, said he planned to “buy some more land for my sheep”. He has a second home in Wales.

John Lewis
Mike Berry

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