John Lewis planning major workforce cuts over five years

John Lewis has confirmed it is planning to further cut its workforce over the next five years. John Lewis said the losses would include redundancies and not replacing vacant positions. A spokesperson for John Lewis said in a statement sent to the BBC on Saturday that it "Has a plan to return to profit, which involves investing heavily to enhance our customer offer, technology, stores and becoming more efficient". John Lewis has been under financial pressure in recent years - announcing its second ever full-year loss, totalling £234m, in March 2023. News of the further job cuts comes after the company reportedly wrote to staff recently, telling them it planned to reduce its redundancy package from two weeks of pay per year to one from February.

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