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John Lewis axes 3,800 jobs as further cuts expected

Published 10/05/2024, 09:57
© Reuters.  John Lewis axes 3,800 jobs as further cuts expected

Proactive Investors - John Lewis Partnership has axed 3,800 jobs over the past year in a bid to cut costs across its department stores and supermarkets.

Some 70,500 people were employed by the group as of late January, against 74,300 a year earlier, a report said on Thursday.

Most of these were done through attrition, according to The Telegraph, with the cuts leading to around £26 million in savings from employee costs.

The number of employees at Waitrose fell by 3,100 to 49,600 over the year, while 600 jobs were cut at John Lewis as some roles were added elsewhere.

Reports say the partnership is mulling as many as 11,000 extra cuts this year, after John Lewis has indicated previously that further reductions will be made.

John Lewis has faced scrutiny after reducing redundancy payments in January, while Waitrose was accused of lowering these for warehouse workers this week.

Read more on Proactive Investors UK

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