© Reuters. FILE PHOTO: Branding is seen on the John Lewis retailer in Oxford Avenue, London, Britain, September 5, 2018. REUTERS/Toby Melville/File Picture
(Reuters) – John Lewis Partnership, the proprietor of John Lewis and Waitrose, is contemplating slicing as much as 11,000 workers jobs within the subsequent 5 years, the Guardian reported on Saturday.
A minimal of 10% of the staff-owned enterprise’s workforce might be affected throughout the group’s head workplace, supermarkets and malls, the report stated citing sources.
The variety of roles are anticipated to be step by step decreased over time with none potential substitute, the report added.
John Lewis didn’t instantly reply to Reuters request for remark.
The British retailer warned it must minimize workers numbers and scrap any bonus final 12 months after its clients reduce on spending, prompting its annual loss to balloon.
The 159-year-old retail group has been struggling in recent times amid robust competitors and the prices of growing its on-line providing.