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Tuesday, May 9, 2017

John Lewis profits suffer £36m dent from minimum wage error

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Department store chain says payroll error led to annual underpayment to partners who may be due back pay for up to six years

John Lewis profits have been dented by £36m after a payroll error that breached minimum wage rules.

The retailer, which owns Waitrose supermarkets as well as its namesake chain of department stores, said it was working with HMRC to examine its practice of pay averaging, which aims to smooth out monthly pay over the year.

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May 09, 2017 at 09:47PM

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from Sarah Butler

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