John Lewis to cut jobs and close stores

In response to the coronavirus crisis, UK chain John Lewis and Partners is likely to cut jobs, axe the annual bonus, close one of its London headquarters and permanently shutter some stores. In a letter to staff, chair Sharon White said that the cuts were imminent and would form part of a post-lockdown cost-cutting drive. The news comes at the same time as the partnership announced the next phase of its lockdown exit strategy, which includes reopening of about ten John Lewis stores. However, the future of 18 still-closed stores remains uncertain. Although John Lewis was supposed to open more of its shops later in summer, White said there are plans to close a several unnamed shops.
JOHN LEWIS & PARTNERS ANNOUNCE FURTHER TEN SHOP REOPENINGS INCLUDING SHOPS IN SCOTLAND AND WALES
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