EMCC European Monitoring Centre on Change

John Lewis Partnership

Company/Organisation:
John Lewis Partnership

Geographic Location

Country: United Kingdom
Location of affected unit(s): London and Bracknell

Company

Sector: Professional services
Legal, accounting, management, architecture, engineering, technical testing and analysis activities
70.10 - Activities of head offices
Number Employed: 5000
Group: John Lewis Partnership (JLP) Group

Employment Effects

Announcement Date: 04-11-2020
Planned Job Reductions min: 1500
Planned Job Reductions max: 1500
Type of Restructuring: Internal restructuring

Additional Information

The John Lewis Partnership (JLP), the British retailer, has announced it will cut 1,500 back office jobs, almost a third of jobs, at its head offices in London and Bracknell by April 2021. The restructuring is part of a five-year cost-saving plan, designed to deal with the effects of the COVID-19 pandemic.

The company said the job cuts will remove duplication across its brands and save GBP 50 million (€55 million as at 19 November 2020). The current wave of restructuring follows the closure of department stores and supermarkets, announced in summer 2020, which put over 1,300 jobs at risk of redundancy.

The John Lewis Partnership operates John Lewis & Partners department stores, Waitrose & Partners supermarkets, banking and financial services, and other retail-related activities. The company employed about 84,000 people before the start of the pandemic.

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