News Details
Williams furloughs staff, cuts driver salaries by 20%
Following the lead of McLaren, Williams have become the second team to officially furlough most of its staff, while also announcing a 20% reduction in the salaries of high-level personnel. Announcing the decision in a statement on Monday, the team cited the financial realities of the ongoing coronavirus pandemic as necessitating such a measure. The statement, in full, reads as follows: 'Due to the ongoing situation involving Covid-19, ROKiT Williams Racing is temporarily furloughing a number of employees as part of a wider range of cost-cutting measures. 'The furlough period will last until the end of May whilst senior management, and our drivers, have taken a pay cut of 20% effective from...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Sainz, Norris take pay cuts as McLaren furloughs staff
McLaren Formula 1 drivers Carlos Sainz and Lando Norris have both agreed...
5y ago from MotorsportWeek.com
McLaren sends coronavirus staff on leave to reduce...
That the coronavirus has an impact on Formula 1 was of course just as...
5y ago from GPBlog.com
McLaren sends staff on leave to reduce costs during...
That the coronavirus has an impact on Formula 1 is obvious, but McLaren...
5y ago from GPBlog.com
Williams drivers join pay cut list, staff furloughed
Williams has joined McLaren in officially announcing pay cuts for senior...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Motegi remains on MotoGP calendar through 2030
MotoGP has officially confirmed that the Japanese Grand Prix at Motegi...
13h ago from MotorsportWeek.c...
Marco Bezzecchi explained what ‘key moment' he...
Marco Bezzecchi explained his first lap was the "key moment"...
1d ago from MotorsportWeek.c...
MotoGP constructors push for F1-style ‘Concorde...
No description available...
1d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Why Rinus VeeKay believes there's more to come after...
No description available...
1d ago from Motorsport.com
The Winners and Losers of IndyCar’s 2025 Indy Toronto
No description available...
2d ago from Motorsport.com
O’Ward explains the multiple steps that came...
Pato O’Ward won Sunday’s IndyCar race from the streets of Toronto,...
2d ago from MotorsportWeek.c...
Kyffin Simpson’s confidence ‘very high right...
When Kyffin Simpson crossed the finish line in Sunday’s Honda Indy...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
5d ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
2d ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
3d ago from MotorsportWeek.c...
How the WRC service park reacted to Oliver Solberg's...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
The North London Blueprint: A Real Gooner's Take on...
You can feel it, can't you? It's not just hope anymore. For years, hope...
2h ago from FreshArsenal.com
'It wouldn’t have cost him anything' - Chelsea star...
Chelsea star Marc Cucurella has admitted he found it strange that Noni...
4h ago from SportsKeeda.com
Mikel Arteta provides injury update on 2 key players...
Arsenal manager Mikel Arteta has provided an update on Gabriel Magalhães...
4h ago from SportsKeeda.com
'Chelsea gave us a £75m GK for 50p' - Arsenal fans...
Arsenal fans have taken to X to hail new goalkeeper Kepa Arrizabalaga...
6h ago from SportsKeeda.com
Comments
Hottest News
Toto Wolff closes the door on Max Verstappen to Mercedes...
Mercedes boss Toto Wolff has disclosed there... Read More »
3h ago from MotorsportWeek.com
F1 star's girlfriend shares lavish wedding details as pair...
The girlfriend of one of F1's biggest stars has... Read More »
51m ago from GPFans.com
Wolff: Russell-Antonelli are Mercedes’ ‘absolute...
In a definitive statement, Mercedes team... Read More »
51m ago from F1i.com
