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John Lewis announces 1,000 job cuts

by All News Admin
July 14, 2021
in Business
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The John Lewis Partnership introduced 1,000 redundancies throughout its malls and Waitrose supermarkets on Wednesday.

The corporate stated the shake-up would happen as a part of its plans to simplify the administration of its shops.

The latest announcement follows earlier job cuts, together with the closure of eight John Lewis shops, earlier this 12 months.

A John Lewis Partnership spokesperson stated: “Now we have introduced to our companions our intention to simplify our administration constructions in Waitrose and John Lewis shops, which can enable us to reinvest in what issues most to our prospects.”

The newest job cuts are a blow to the UK excessive avenue big because the group goals to cut back its prices and safe £300m in financial savings by 2023.

Within the first week of July, the employee-owned group, which additionally owns Waitrose, introduced plans to construct 10,000 rental properties on its land in a bid to diversify its enterprise pursuits.

Different initiatives by the retail group to remain on high of individuals’s wants through the pandemic included the profitable enlargement of its furnishings rental service, reflecting a dip in dwelling possession and a surge within the numbers residing in rented lodging.

Presently there are 331 Waitrose shops and 34 John Lewis outlets throughout the UK.



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