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Williams drivers join pay cut list, staff furloughed
Williams has joined McLaren in officially announcing pay cuts for senior staff and its drivers, whilst placing some other members of staff on furlough. With no Formula 1 racing for the foreseeable future, teams are understandably feeling the pinch when it comes to finances. Whilst teams are saving money in some areas with the likes of the new regulations being delayed, the drying up of main revenue streams are forcing them into other protective measures. McLaren, who have led through example throughout these difficult times, were first to take advantage of the measure brought into effect by the UK government, who will cover 80 per cent of a person's wage if they are furloughed, while...
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6y ago from PlanetF1.com
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