News Details
McLaren to cut 1200 jobs; 70 from F1
The McLaren Group has announced that it will cut 1,200 jobs as a result of the COVID-19 pandemic, with around 70 expected to be lost from its Formula 1 team. McLaren was the first F1 team to take advantage of the United Kingdom’s job retention scheme, furloughing many staff when income levels dropped dramatically. The supercar manufacturer has taken a further hit due to the lack of new car sales during the first half of 2020, leaving the company assessing options to raise over $300 million to help it through the crisis.
Full Story »
Full Story »
You May Also Be Interested In...
McLaren axes 1200 jobs in company restructure
McLaren will lay-off 1200 of its staff across its automotive,...
5y ago from GrandPrix247.com
McLaren to lay off 1200 employees amid pandemic crisis
The McLaren Group is set to part ways with 1200 members of its staff from...
5y ago from F1i.com
McLaren Group to cut workforce, F1 jobs set to be lost
McLaren Group has confirmed that it is planning to reduce
its headcount...
5y ago from MotorsportWeek.com
McLaren Group to lay off 1200 staff, including F1 team...
McLaren have confirmed that they intend to lay off 1200 members of staff,...
5y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
11m ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
18h ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
2d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
14h ago from Motorsport.com
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
22h ago from MotorsportWeek.c...
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
20h ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg moves clear of the...
No description available...
13h ago from Motorsport.com
Solberg sensational in the snow (and slush, and rain)
Oliver Solberg and Elliot Edmondson, making their debut as full-time...
16h ago from MotorsportWeek.c...
FIA offers update on new WRC commercial rights holder...
No description available...
17h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
21h ago from Motorsport.com
Popular On GunnersToday.com
Arteta on Havertz & Gyokeres + Arsenal's absence...
Morning all, a quick Saturday round-up for you. After yesterday's focus on...
1h ago from Arseblog.com
Arsenal star linked with surprise mid-season transfer...
Arsenal midfielder Christian Norgaard could reportedly be on the move...
2h ago from SportsKeeda.com
‘It's a challenge’ | Carrick urges Man Utd to...
Manchester United head coach Michael Carrick says he is embracing the...
2h ago from SkySports.com
Arsenal hold talks to discuss move to sign...
Arsenal are investigating a move for former Manchester City star Julian...
4h ago from SportsKeeda.com
Comments
Hottest News
Ferrari changes course with radical new concept
Ferrari has unveiled its SF-26 and completed its... Read More »
1h ago from RacingNews365.com
Christian Horner ‘negotiating' minority share in F1...
Christian Horner is "negotiating" the... Read More »
2h ago from MotorsportWeek.com
Palou ordered to pay $12m as McLaren wins contract battle
Alex Palou’s long-running legal standoff with... Read More »
1h ago from F1i.com
