John Lewis set to axe hundreds of jobs and close shops to cut costs
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dailystar.co.ukFREE newsletter is just champion! Get the biggest and brightest stories sent straight to your inboxJohn Lewis is set to axe jobs and shut stores in a bid to cut costs as the coronavirus crisis wreaks havoc on profits.In a bombshell letter to staff and seen by the Evening Standard, new chairman Sharon White said the company has “too much store space for the way people want to shop now”.Its bonus is also likely to be ditched next year.
White also confirmed plans to close several unnamed shops, with staff set to be informed on the specific branches in mid-July.
She said: “As difficult as it is, we now know that it is highly unlikely that we will reopen all our John Lewis stores. “Regrettably, it is likely that there will implications for some.
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