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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...
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4y ago from TheCheckeredFlag.co.uk
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