John Lewis and Waitrose staff set for 15% bonus

John Lewis and Waitrose staff are set for bonuses worth 15 percent of their salaries tomorrow as the retail chain marks a rise in profits.

John Lewis Partnership, which is owned by its 84,700 employees, cut its staff bonus from 18% to 14% last year after it suffered a 4% fall in profits to £353.8 million.

John Lewis Partnership is set to announce profits of £415 million
John Lewis Partnership is set to announce profits of £415 million Credit: PA

But staff are poised to get a "small increase" in their latest bonuses thanks to a 17% hike in profits after a "bumper" Christmas, said retail analyst Nick Bubb.

The same percentage bonus is received by each worker in the company, from check-out assistants to chairman Charlie Mayfield.

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