News Details
Norris, Sainz take pay cuts as McLaren furlough staff
Lando Norris and Carlos Sainz will both be taking a pay cut as McLaren announced a temporarily furlough for an undisclosed number of employees. As the world struggles to deal with the ongoing pandemic, many companies and small businesses are taking a huge financial hit. Formula 1 and McLaren are no different. While the sport has put into place several measures aimed at cutting costs, such as deferring 2021's new regulations to 2022 and announcing that teams will race this year's chassis next season, that's not much help with today's cash flow. The teams are reportedly losing as much as '100 million' for every five races missed and so far the first eight grands prix of the 2020 season have...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Norris and Sainz take pay cuts as McLaren place staff...
Formula 1 stars Carlos Sainz and Lando Norris have volunteered to take...
5y ago from GPFans.com
McLaren drivers take pay cut as some staff handed...
McLaren drivers Lando Norris and Carlos Sainz are to take a pay cut as the...
5y ago from BBC.co.uk
McLaren F1 drivers take pay cut, staff furloughed
McLaren has become the first Formula 1 team to place its staff on...
5y ago from Crash.net
COVID-19: McLaren staff furloughed, drivers take pay...
McLaren became the first Formula 1 team to furlough staff because of the...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Who crashed the most during the 2025 MotoGP season?
No description available...
6h ago from Motorsport.com
Ai Ogura: Fifth on MotoGP debut “kills me” after...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu reveals ‘biggest difference’...
Toprak Razgatlioglu has revealed how “different” MotoGP is to...
3d ago from MotorsportWeek.c...
Maverick Vinales “mentally stronger” than ever...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
1d ago from MotorsportWeek.c...
Sunoco makes full-time IndyCar return as primary...
No description available...
1d ago from Motorsport.com
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
2d ago from MotorsportWeek.c...
IndyCar to introduce independent officiating system
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Lancia reveals driver line-up for 2026 WRC return
No description available...
1d ago from Motorsport.com
FIA reveals final details of WRC 2027 regulations
No description available...
3d ago from Motorsport.com
What Adrien Fourmaux and Oliver Solberg learned from...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal v Wolves: Premier League – live
Premier League updates from the 8pm GMT kick-off<br>⚽ <a...
56m ago from TheGuardian.com
Cesc Fabregas names ex-Arsenal star as only...
Cesc Fabregas has named Arsenal legend Thierry Henry and Lionel Messi as...
2h ago from SportsKeeda.com
Arteta calls for for focus and ‘full gas' ahead...
Good morning from London. We're in Premier League action this evening,...
10h ago from Arseblog.com
Comments
Hottest News
Check out the sound of 2026 Formula 1 courtesy of Honda
Honda has released a recording of their engine... Read More »
3h ago from GrandPrix247.com
Who is Magui Corceiro? Meet new F1 world champion Lando...
Since making waves online at the 2025 Monaco... Read More »
3h ago from GPFans.com
F1 drivers deliver clear verdict on departing ground-effect...
A number of F1 drivers have differed in their... Read More »
3h ago from MotorsportWeek.com
