John Lewis chairman's pay climbs 21% to 1.2m as 3,300 roles disappear across the partnership

"Jason Tarry's basic salary rose to £1.2m, a 20% increase, while the company cut 10,700 jobs over three years, raising concerns about pay equity."

"The partnership's total management costs held steady at £8m, despite a reduction in senior roles, highlighting a disparity between executive pay and workforce reductions."

Jason Tarry's salary increased from £990,000 to £1.2m, reflecting his dual role as chairman and CEO. The partnership's total management costs remained stable at £8m despite a reduction in senior roles. Employee numbers fell from 69,000 to 65,700, with significant job losses in both Waitrose and John Lewis. The company has cut 10,700 roles over three years, aligning with plans to reduce up to 11,000 positions by 2029, raising scrutiny over workforce management and pay equity.

Read at Business Matters