John Lewis announces bonus payouts worth 15% of salary

BONUS

John Lewis announces bonus payouts worth 15% of salary

More than 70,000 “partners” employed by John Lewis in its department stores and Waitrose supermarket chain are set to share bonus payments worth £151.3 million. This year's bonus figure is 15% - equivalent to nearly eight weeks' salary for employees.

The annual bonus distributes a proportion of profits equally to partners, from postroom to the chairman, as a percentage of salary.

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All 70,000 permanent staff employed by John Lewis Partnership are partners who own 29 John Lewis shops (28 department stores and one John Lewis at home); 225 Waitrose supermarkets; an online and catalogue business, johnlewis.com; a direct services company, Greenbee; a production unit and a farm. “Partners share in the benefits and profits of a business that puts them first”. To find out more visit www.johnlewispartnership.co.uk.