John Lewis Partnership, the owner of John Lewis and Waitrose, is considering cutting up to 11,000 staff jobs in the next five years. The company is planning major workforce cuts, having raised £260 million to fund its turnaround. This decision comes after the business reported a £230 million full-year loss. The move follows a reduction in redundancy payouts, which has sparked backlash from staff. The executive chairman, Sharon White, is stepping down, and the company is seeking her replacement. The situation has garnered widespread attention and warnings from financial expert Martin Lewis about various financial issues, including fines from HMRC and overpaying bills.
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🔴 John Lewis plots 11,000 job cuts after slashing redundancy pay https://t.co/kMtk6eUrcn
John Lewis confirms plans to cut workforce over the next five years https://t.co/5cuyJtgpai
John Lewis mulls over 'losing 11,000 jobs' in an effort to recover from a £230m full-year loss https://t.co/6y40bCBG36 https://t.co/Jxk4VWNqwa
John Lewis planning major workforce cuts over five years https://t.co/70B335u9Kg
John Lewis: 11,000 jobs could go as group plots £260m turnaround. Headhunters Egon Zehnder will help find a replacement for Sharon White who is stepping down as Executive Chairman after her catastrophic reign. EZ recruited her. That went well. https://t.co/eNrRN2S9Nj
The John Lewis Partnership has raised £260 million to help fund its turnaround as the struggling mutual prepares to cut as many as 11,000 jobs https://t.co/KhHRhgev8J
UK's John Lewis considers cutting 11,000 jobs- The Guardian https://t.co/hvMtq4mewu https://t.co/z2lmLg6cKK
🛑 John Lewis Partnership, the owner of John Lewis and Waitrose, is considering cutting up to 11,000 staff jobs in the next five years, the Guardian reported on Saturday. A minimum of 10% of the staff-owned business's workforce could be affected across the group's head office,… https://t.co/AbD8ogSYIf
⚠️ UK'S JOHN LEWIS CONSIDERS CUTTING 11,000 JOBS- THE GUARDIAN Full Story → https://t.co/55AMtiiD7I https://t.co/XKBHVy1xWh
John Lewis considering cutting 11,000 jobs after slashing redundancy terms https://t.co/Os4A2svmr6
🔴 John Lewis condemns ‘personal attacks’ on execs amid staff backlash Read more ⬇️ https://t.co/0h1L01qKbi
🔴 EXCLUSIVE: John Lewis poised to accelerate job cuts after slashing redundancy payouts https://t.co/K8dsDGrJPq
Martin Lewis issues 'since 2001' warning and says 'spread the word' https://t.co/llfs3D4vxq