The John Lewis Partnership has restored its bonus and committed to pay the voluntary living wage, alongside a wider pay rise, as it eyes the surge in the cost of living.
The employee-owned company, comprising the eponymous department store chain and Waitrose supermarkets, said its bonus – axed last year for the first time since 1953 as it grappled the COVID-19 crisis – would come in at 3% of salary.
It equated to one-and-a-half week’s wages, the partnership said.
It reported a bottom line loss before tax of £26m – an improvement of £491m than in the previous year.
It revealed last week that, in line with UK retail rivals, it was to remove from sale all Russian-made products across the group as a response to the country’s invasion of Ukraine.
