John Lewis Staff will not receive a bonus this year after the group fell into a loss. It is only the second time that staff at The John Lewis Partnership will not receive a bonus since 1953.
The group, which is made up of the John Lewis department store chain and Waitrose supermarkets, made a loss of £78million before exceptional items for the 12 months to January 28. During the previous year, it made a profit of £181m.
The John Lewis Partnership is owned by a trust on behalf of its employees. When the company makes a profit, a share of the cash is distributed to workers.
