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
Francesco Bagnaia signals factory-team priority as...
No description available...
5h ago from Motorsport.com
MotoGP Sepang test: Alex Marquez fastest on final day...
No description available...
9h ago from Motorsport.com
Alex Marquez edges Francesco Bagnaia and Marc Marquez...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
4h ago from Motorsport.com
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
3h ago from MotorsportWeek.c...
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
21h ago from MotorsportWeek.c...
"It's fun," says Mick Schumacher after his...
No description available...
22h ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
2h ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
2d 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
Popular On GunnersToday.com
Arsenal prepared to break the bank for transfer of...
Arsenal are reportedly ready to break the bank to sign Barcelona target...
1h ago from SportsKeeda.com
Arsenal vs Sunderland Prediction and Betting Tips |...
Arsenal face off with Sunderland in a Premier League match at the Emirates...
2h ago from SportsKeeda.com
'Arsenal are interested…': Romano transfer...
Newcastle United midfielder Sandro Tonali has been linked with a move away...
5h ago from CaughtOffside.com
'I asked them…' – Chelsea boss Liam...
Chelsea manager Liam Rosenior has slammed Arsenal for showing what he felt...
5h ago from CaughtOffside.com
Comments
Hottest News
How Does Mercedes’ Formula 1 engine compression trick...
Much has been said about Mercedes' Formula 1... Read More »
5h ago from GrandPrix247.com
F1 legend Fernando Alonso targeted for sensational McLaren...
McLaren Racing CEO Zak Brown has said that he... Read More »
1h ago from GPFans.com
Adrian Newey claims Aston Martin F1 could have THREE cars...
Aston Martin F1 team principal Adrian Newey has... Read More »
48m ago from GPFans.com
