John Lewis chair Dame Sharon White has told staff that job cuts and store closures are imminent as the business embarks on a post-coronavirus cost-cutting drive.
In a letter to staff seen by the London Evening Standard, White told the mutual’s 8,000-strong workforce that its annual bonus is likely to be axed next year alongside a raft of other cost-saving measures.
White said the department store chain, which confirmed today its plans to reopen its Oxford Street store on July 16 alongside nine other stores, was unlikely to reopen all of its 50 stores after lockdown.
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