The Guardian has reported that John Lewis Partnership is considering cutting some 11,000 jobs over the next five years – after informing staff this week that it was halving the terms of its redundancy package.
The newspaper's sources say at least 10% of the partnership's 76,000-strong workforce could be cut.
John Lewis Partnership warned of cuts last year, and has already reduced its employee base significantly through store closures in recent years.
“The John Lewis Partnership has a plan to return to profit, which involves investing heavily to enhance our customer offer, technology, stores and becoming more efficient," says a spokesperson.
"This is working and performance is improving, but as we have already announced, that sadly means reducing the number of partners we need in our business. It would be inappropriate to discuss details and our partners will be the first to know about any changes.”
