John Lewis Partnership, a reputed name among British and global apparel retailers, is set to cut 1,500 head office jobs.
The decision is being seen as part of retailer’s recently announced 5-year plan that aims to annually save £300 million by 2022.
Also Read: John Lewis unveils 5-year plan; to invest £1bn for e-commerce revival
The job cuts, reportedly, will happen between now and April 2021 and will include employees of both John Lewis and Waitrose.
The retailer said that the executive team at the head office will be cut down and will no longer have an Executive Director (ED) for customer service. It also said that these responsibilities will be now handled by EDs of John Lewis and Waitrose.
John Lewis Partnership, meanwhile, will talk to affected employees about the decision and said that if possible it will find new roles for those staff (also known as partners) whose roles have become redundant.
More on this, Chairman Sharon White said that the company will also provide support and retraining opportunities for those partners who will be exiting the Group.
Here it is imperative to state that the Group has nearly 5,000 full-time equivalent employees in its two head office locations.
The Group also said that the intent is to have a simple, flexible and more agile head office that’s even closer to customers.
John Lewis, which has 42 stores, has said that by 2025, it hopes to see 70 per cent of its sales go digital.
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