With the threat of Brexit looming over the British economy and the ever-growing shift to online e-commerce, brands once considered giants of the UK high street are announcing more drastic measures to stay afloat in a volatile sector.
Today, John Lewis confirmed that it will slash its once-championed employee bonus scheme for its 83,000 retail workers – The Guardian reports.
* By registering you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products.
If you find yourself asked to register again, please make sure that your browser cookie is enabled.
We would like you to become part of HR Grapevine and join the most engaged online communities of HR Professionals in the UK. Thousands of HR Professionals just like you have already registered with HR Grapevine and we would like you to join in - its FREE!
However, an EU regulation coming our way means that to continue hearing from us, you will need to become a registered user. No matter the outcome of BREXIT, this regulation will apply to us while we remain in the UK and perhaps beyond.
Access across the HR Grapevine site will continue to be free of charge once you register.
Every reader we retain, is very important to us, and we would appreciate you taking the time to Register with us now.