John Lewis cuts staff bonus as profit falls 77%

Annual bonus for 85,000 workers reduced to lowest level since 1954 after ‘challenging year’John Lewis Partnership (JLP) has cut its annual staff bonus to the lowest level in 64 years after profit plunged at the group, which owns Waitrose and a chain of department stores.The company said 85,000 workers, known as partners because they jointly own the business, would share a £74m bonus, equivalent to 5% of annual pay. All partners, from leading executives to Saturday shelf-stacker