News Details
Ferrari explain ‘soft landing' from budget cap
Ferrari have provided details of the ‘soft landing’ Formula 1 teams can offer to staff affected by the budget cap being introduced into the sport next year. With the larger constructors having to reduce costs to a maximum of $145million in 2021, some employees are having to be retrenched to other areas of the respective companies. But scope has been given to the ‘big three’ – Mercedes, Ferrari and Red Bull – to redeploy staff over a six-month period from January, thus creating what has been described as a ‘soft landing’. Ferrari team principal Mattia Binotto considers this to be particularly pertinent at a time when the global health pandemic has created financial...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Teams warned on 'stockpiling'
With the budget cap due to be introduced next year, and teams likely to...
5y ago from Pitpass.com
Brown: The FIA are on top of what you can and can't do
Formula 1 teams have been warned by the governing FIA not to subvert a...
5y ago from GrandPrix247.com
F1 teams warned against exploiting loophole
F1 teams have been warned against ‘stockpiling' loophole The FIA...
5y ago from SpeedCafe.com
Bottas likes the "bit of pain" provided by...
Valtteri Bottas has conceded to liking the "bit of pain"...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Breakthrough or false dawn? Francesco Bagnaia finds...
No description available...
17h ago from Motorsport.com
MotoGP Sepang test: Honda leads rain-hit Day 2 as...
No description available...
19h ago from Motorsport.com
Yamaha halts Sepang MotoGP running while investigating...
No description available...
23h ago from Motorsport.com
MotoGP Sepang test: Marc Marquez tops Day 1 as Fabio...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
7h ago from MotorsportWeek.c...
"It's fun," says Mick Schumacher after his...
No description available...
8h ago from Motorsport.com
Mick Schumacher found the limit “pretty early” in...
No description available...
6h ago from Motorsport.com
Felix Rosenqvist: Modern IndyCar demands driving...
Felix Rosenqvist has commented about how IndyCar drivers have to push...
16h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
1d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Chelsea send high-ranking official to...
Bayern Munich attacker Lennart Karl has been linked with a move away from...
10h ago from CaughtOffside.com
Arsenal and Chelsea pushing hard to sign Championship...
Arsenal, Chelsea and Liverpool are interested in signing the Middlesbrough...
10h ago from CaughtOffside.com
Man United told to enter transfer race for ‘top'...
Manchester United have been encouraged to closely monitor the situation of...
18h ago from CaughtOffside.com
Arsenal set Bukayo Saka return date after his injury...
Arsenal have set a timeline for Bukayo Saka's potential return. The winger...
16h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton major Ferrari announcement delay questioned:...
Lewis Hamilton and Ferrari made the decision to... Read More »
34m ago from RacingNews365.com
FIA confirm F1 engine update as rivals rage about Mercedes...
The FIA have issued an update over a supposed... Read More »
12h ago from GPFans.com
F1 News Today: Lewis Hamilton gets Ferrari reshuffle as...
Lewis Hamilton's camp has undergone a major... Read More »
14m ago from GPFans.com
