![UK's John Lewis considers cutting 11,000 jobs- The Guardian](https://i-invdn-com.investing.com/trkd-images/LYNXMPEK0Q056_L.jpg)
© Reuters. FILE PHOTO: Branding is seen on the John Lewis retailer in Oxford Street, London, Britain, September 5, 2018. REUTERS/Toby Melville/File Photo
(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 mentioned citing sources.
The variety of roles are anticipated to be regularly diminished through the years with none doable substitute, the report added.
John Lewis didn’t instantly reply to Reuters request for remark.
The British retailer warned it must reduce workers numbers and scrap any bonus final yr after its prospects 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 creating its on-line providing.