Overview
- The annual report shows Jason Tarry’s basic salary rose to £1.2 million in the year to January, with a £22,700 bonus and other benefits taking his package to about £1.26 million.
- Headcount fell to about 65,700 from 69,000, a drop consistent with roughly 3,300 fewer roles across John Lewis stores and Waitrose supermarkets.
- The partnership said most departures were due to natural attrition, which means staff left over time without formal redundancy programs.
- Partners will receive a 2% bonus worth about £35 million, the first payout in four years, which the company says is roughly equal to a week’s pay for staff.
- Profit before tax, bonus and exceptional items rose 6% to £134 million on higher sales, and the company says Tarry’s pay reflects the merger of the chairman and CEO roles after the chief executive post was removed.