John Lewis has handed almost £1 million to its former managing director as hundreds of staff lose their jobs and the chain faces one of the toughest periods in its history.
The business paid out £939,773 to Paula Nickolds, who was ousted from the department store business in January, John Lewis Partnership's latest annual report document reveals.
The group also confirmed an £892,362 pay packet given to Rob Collins, bda
who had been managing director of the group's Waitrose supermarket arm until he stepped down in October when the group's restructuring was announced.
This comes as some 400 staff members were made redundant and John Lewis furloughed 14,000 staff after closing all of its 50 stores in the face of the coronavirus pandemic.
Beleaguered staff were also told they will receive the lowest staff bonus since 1953 as it revealed a 23% plunge in profits for the year to January 25.
Group sales at the embattled high street giant nose-dived to £146 million at the start of the year, down from £452 million three years ago.
The employee-owned company is now fighting for survival, having been dragged into the deepening high street crisis.
The John Lewis department store chain saw total sales tumble 17% in the weeks since March 15, after it closed all its sites on March 23.
The business paid
out £939,773 to Paula Nickolds, who was ousted from the department store business in January, John Lewis Partnership's latest annual report document reveals
John Lewis sales have plunged after it was forced to shut stores in face of coronavirus despite a surge in online orders