What happened: John Lewis has awarded its employees a 2% bonus, the first in four years, following a 6% rise in underlying profits and increased sales to £13.4bn. The £35m bonus payout is shared among 69,000 staff, equivalent to about one extra week’s pay.
Why it matters:
- The bonus reflects improved financial performance and rewards staff after a period without payouts.
- It affects all John Lewis and Waitrose employees, supporting their income and morale.
MNN Take: The payment signals a return to profit-sharing for John Lewis employees after several challenging years, linked to the company’s recent sales and profit growth.
Sources: Guardian UK