This is the best summary I could come up with:
The owner of John Lewis and Waitrose is considering cutting up to 11,000 staff jobs in the next five years, after the retail group slashed redundancy terms this week.
Department heads are working on plans and the number of roles in the business is expected to be gradually reduced over several years via redundancies and not replacing staff who leave, sources said.
John Lewis warned about potential job cuts in March last year as part of a plan to reduce costs and use technology to improve efficiency.
One well-placed source said John Lewis executives had discussed cutting as many as 11,000 roles as part of its latest turnaround plan – amid rising pay and other costs and poor sales.
One member of staff, known as partners because of they co-own the business, said the announcement of a cut was particularly galling as it came shortly after a number of senior executives had left on the more generous deal.
One member of staff told the Guardian: “We are held up as a better way of doing business and this just sits uncomfortably particularly when you take into account the recent wave of leadership level [redundancies].”
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