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John Lewis cuts staff bonus as profits fall
Bonuses for 84,000 staff at John Lewis and Waitrose have been cut for the fifth year in a row.
The company said employees would share a £74m bonus, equivalent to 5% of annual pay—the lowest level in 64 years.
All partners, from leading executives to shop floor assistants, receive the same percentage bonus.
John Lewis Partnership chairman Sir Charlie Mayfield said 2017 had been a “challenging year for the company.
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