John Lewis has revealed plans to shed 10 percent of its headcount over the next five years, affecting up to 11,000 jobs.\u00a0<\/p>\n\n\n\n
The retailer plans to downsize its workforce through redundancies and not filling vacant positions.<\/p>\n\n\n\n
However, although it did not specify numbers to the BBC. <\/p>\n\n\n\n
The cuts are part of a strategy to bring the business back to profitability.<\/p>\n\n\n\n
John Lewis employs around 76,000 people across its supermarkets, department stores<\/a><\/strong>, and head office.<\/p>\n\n\n\n Its employees own it through a trust, with workers referred to as Partners.<\/p>\n\n\n\n A spokesperson said it “has a plan to return to profit, which involves investing heavily to enhance our customer offer, technology, stores and becoming more efficient”.<\/p>\n\n\n\n They added: “This is working and performance is improving, but as we have already announced, that sadly means reducing the number of Partners we need in our business.<\/p>\n\n\n\n “It would be inappropriate to discuss details and our Partners will be the first to know about any changes.”<\/p>\n\n\n\n John Lewis<\/a><\/strong> has faced financial difficulties in recent years. <\/p>\n\n\n\n In March 2023, it reported its second-ever full-year loss of \u00a3234 million.<\/p>\n\n\n\n As a result, the firm axed staff bonuses<\/a><\/strong>, closed 16 department stores and several supermarkets, and terminated thousands.<\/p>\n\n\n\n The company blamed its financial woes on high inflation and rising labor, energy, and freight costs.<\/p>\n\n\n\n Need Career Advice?\u00a0<\/strong>Get employment skills advice at all levels of your career<\/strong><\/a><\/p>\n\n\n\n Recent reports suggest John Lewis has informed staff about plans to reduce its redundancy package starting in February.<\/p>\n\n\n\n The retailer would cut the pay per year from two weeks to one. <\/p>\n\n\n\n This has reportedly sparked frustration among workers on the group’s internal messaging board.<\/p>\n\n\n\n Some called for an emergency meeting of the partnership council<\/a><\/strong>, a body that represents employees democratically. <\/p>\n\n\n\n There is also reported anger over senior executives who left the company receiving more generous redundancy terms.<\/p>\n\n\n\n Follow us on <\/strong>X<\/strong><\/a>, <\/strong>LinkedIn<\/strong><\/a>, and <\/strong>Facebook<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" John Lewis has plans to shed 10 percent of its headcount over the next five years, affecting up to 11,000 jobs. <\/p>\n","protected":false},"author":5,"featured_media":55570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[415,3],"tags":[188],"class_list":["post-55566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-employment-news","category-business-news","tag-john-lewis"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/55566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/comments?post=55566"}],"version-history":[{"count":0,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/55566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media\/55570"}],"wp:attachment":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media?parent=55566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/categories?post=55566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/tags?post=55566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}John Lewis could reduce redundancy packages<\/h2>\n\n\n\n