WILL BONUS BE SLASHED TO ZERO FOR STAFF AT JOHN LEWIS?

STAFF at John Lewis and Waitrose find out this morning if their bonuses have been slashed as the group fights the crisis on the High Street.

The John Lewis Partnership, which owns the two chains, could pay staff nothing for the first time since 1953.

Chairman Sir Charlie Mayfield has warned that profits will be lower this year.

The bonus for the group’s 83,000 staff was 5pc of salaries last year, the lowest level since the 1950s.

A decade ago the bonus was 15pc at John Lewis, which has a structure which distributes profits to all employees.

The latest results come just days after Ocado jilted Waitrose by doing a delivery deal with Marks & Spencer. Waitrose will now rely on its own operations to fulfil online grocery orders from September 2020.

And John Lewis, headed by managing director Paula Nickolds, 46, pictured, has been battling to grow sales as more customers head online.