03.12.10

John Lewis staff share £151m bonus pot

John Lewis staff share £151m bonus pot

John Lewis Partnership, the renowned employee-owned department store, has revealed its staff will share a bonus pot of £151 million.

The announcement came after the 146-year-old group said annual pre-tax profits grew 9.7% to £306.6 million.

According to John Lewis chairman, Charlie Mayfield, the company’s 70,000 staff - or partners, as John Lewis refers to them - will receive payouts equal to 15% of their annual salary, almost eight weeks’ pay.

The …

Read the original article at Fnancemarkets

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