Belfast Telegraph

John Lewis and Waitrose staff to get £3,500 bonus

Press Association

John Lewis and Waitrose staff are set for bonuses worth 15% of their salaries today as the retail chains continue their strong trading.

John Lewis Partnership, which is owned by its 85,500 employees, will announce the bonus award alongside annual results, with the group expected to report a 7% rise in underlying profits to £370m.

The bonus percentage is set to be down from 17% a year earlier due to the increased cost of servicing the group's £840m pension fund deficit.

The reported figure of 15% is believed to amount to £200m and represent around £3,500 to the average employee.

Belfast Telegraph