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UK's John Lewis to spend 116 million stg on 10% staff pay rise
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investing.comLONDON (Reuters) — Britain's John Lewis Partnership said on Wednesday it would raise its minimum rates of staff pay by 10%, starting April, at a cost of 116 million pounds ($148 million).
The group, which owns John Lewis department stores and the Waitrose supermarket chain, said minimum hourly rates would rise to 11.55 pounds across the UK — above the government's national living wage, which will increase by 9.8% to 11.44 pounds an hour.
The partnership's rate for London staff will rise to 12.89 pounds.
($1 = 0.7860 pounds)
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