News Details
McLaren to Cut 1,200 Jobs due to COVID-19
McLaren has announced that they will be cutting 1,200 jobs due to the impact of COVID-19, these include some in the McLaren F1 Team. The Supercar manufacture and Formula 1 team are said to employ around 4,000 and due to the global pandemic of the Coronavirus, their business in sales and advertising revenue has declined. With this, the F1 team will see some cuts, as the 2020 FIA Formula 1 World Championship currently remains on hiatus with its expected to return at the Austrian Grand Prix, in July. The team of around eight hundred in F1 is set to lose around seventy members. However, this could see a decrease in size further when the 2021 Budget Caps come into place, which was agreed by all...
Full Story »
Full Story »
5y ago from TheCheckeredFlag.co.uk
0
You May Also Be Interested In...
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
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 cut 1200 jobs; 70 from F1
The McLaren Group has announced that it will cut 1,200 jobs as a result...
5y ago from Racer.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
Elsewhere On The Network
Popular On MGPToday.com
Trackhouse team owner Justin Marks: MotoGP must take...
No description available...
16h ago from Motorsport.com
Guenther Steiner: MotoGP riders ‘need to be of a...
Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...
19h ago from MotorsportWeek.c...
KTM backs “unlucky” Maverick Vinales to return and...
No description available...
19h ago from Motorsport.com
Aleix Espargaro hospitalised after crash in Sepang...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
1d ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
1d ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
1d ago from MotorsportWeek.c...
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg out of Croatia Rally (for now)
Friday: Oliver Solberg crashed out of Rally Croatia about four km into...
22h ago from MotorsportWeek.c...
Elfyn Evans out of Croatia – SS3
Croatia’s Friday stages were all new. With a 16 second lead going into...
21h ago from MotorsportWeek.c...
WRC Croatia: Oliver Solberg crashes out on opening...
No description available...
21h ago from Motorsport.com
Elfyn Evans and Oliver Solberg both out early at WRC...
No description available...
10h ago from Motorsport.com
Popular On GunnersToday.com
Man United and Arsenal approach rejected by Brazilian...
Atalanta's highly coveted Brazilian maestro, Ederson, has reportedly drawn...
56m ago from CaughtOffside.com
Sources: Premier League attacker appealed by the idea...
Newcastle United winger Anthony Gordon is emerging as one of the standout...
1h ago from CaughtOffside.com
Premier League news: Fernández’s Chelsea future in...
No description available...
14h ago from TheGuardian.com
Arsenal handed boost as Mikel Arteta confirms key...
Arsenal boss Mikel Arteta has confirmed that Eberechi Eze is fit for their...
16h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Verstappen tells all on McLaren move as...
The father of four-time F1 champion Max... Read More »
1h ago from GPFans.com
McLaren hero prevails in 'nightmare' conditions at one-off...
On this day, 11 April, in 1993, Ayrton Senna... Read More »
46m ago from RacingNews365.com
Lando Norris fearful of being ‘at mercy’ to dangerous...
Reigning F1 champion Lando Norris has expressed... Read More »
1h ago from RacingNews365.com
