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John Lewis to sack 11,000 after halving redundancy payment terms but guess who is NOT to blame?

By Tom Winnifrith | Sunday 28 January 2024


 


John Lewis changed the redundancy terms for its 76,000 employees ( partners) last week. Now they will get 1 week's pay for every year served instead of two. And it now emerges that 11,000 of the 76,000 staff are going to be getting P45s. To fund this the company has added to its debt pile and had to do a sale and leaseback on 11 stores. So who is to blame?
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