John Lewis to Pay Lowest Employee Bonus in 67 Years After Profit Drops
- New chairman to pay 2% profit-sharing bonus to staff in 2020
- Company posts third annual profit drop on department stores
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John Lewis Partnership Plc’s employees will get their lowest bonuses in 67 years in 2020, though they may be relieved to get anything following the U.K. retailer’s three straight annual profit declines in a highly competitive market.