John Lewis profits surge could see return of staff bonus
Last year, The John Lewis Partnership decided against giving its 80,000 members of staff, known as ‘partners’, a bonus for the first time in 67 years
The John Lewis Partnership could possibly see the return of its fabled staff bonus this year after it was revealed it has surpassed its £100m annual profit target.
According to a leaked memo seen by The Mail on Sunday, thanks to a bumper Christmas sales period and successful cost saving measures, the group was able to break the £100m barrier in December, with a full month of its financial year ahead.
Last year, The John Lewis Partnership decided against giving its 80,000 members of staff, known as ‘partners’, a bonus for the first time in 67 years.
However, the outlet revealed that when questioned by staff, the author of the memo, director of finance Berangere Michel, said that she could not commit to a decision on whether the payout would return but did admit it was a “possibility”.
The partnership is set to release its annual results on 10 March and it is believed any decision will be taken at the beginning of the month.
While the decision on the payout has yet to be decided, Michel called the group’s performance over the period a “superb achievement”.
