The John Lewis Partnership has cautioned over potential job cuts as it told staff it will not hand out a bonus for only the second time since 1953 after a hefty loss.
Bosses at the retail giant said employees are likely to be affected by plans to cut costs more aggressively to help complete a turnaround of the group’s financial performance.
Chairwoman Dame Sharon White told staff in a letter: “As we need to become more efficient and productive, that will have an impact on our number of Partners.
