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
Should there be a tear-off rule following Marco...
No description available...
1d ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
1d ago from MotorsportWeek.c...
MotoGP eliminates wildcard riders from 2027 season
No description available...
2d ago from Motorsport.com
How MotoGP’s energy drink landscape could shift
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
20h ago from MotorsportWeek.c...
Zanardi: The man whose name is a synonym for “hero”
No description available...
13h ago from Motorsport.com
Mick Schumacher shares injury update after breaking...
No description available...
2d ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport weighs up WRC new car build as all options...
No description available...
3d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
3d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
3d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Bayern Munich in contact to sign Arsenal &...
Bayern Munich appear to be stepping up their pursuit of Newcastle United...
1h ago from CaughtOffside.com
Wayne Rooney makes Arsenal Premier League title...
All-time Manchester United top scorer Wayne Rooney reckons Arsenal are the...
1h ago from SportsKeeda.com
Arsenal 3-0 Fulham: We needed that
Player ratings – Arteta reaction – Video After weeks of has...
1h ago from Arseblog.com
Player ratings: Arsenal 3-0 Fulham
Arsenal delivered an emphatic performance to deliver a big win at The...
9h ago from FreshArsenal.com
Comments
Hottest News
Miami Grand Prix start time moved three hours earelier to...
Formula 1 has brought forward the start of... Read More »
1h ago from GrandPrix247.com
Audi F1 suffer Miami nightmare after disqualification,...
Gabriel Bortoleto capped off a dismal Saturday at... Read More »
49m ago from GPFans.com
F1 2026 Miami Grand Prix starting grid with penalties...
Kimi Antonelli will start the Miami Grand Prix... Read More »
1h ago from GPFans.com
