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Formula 1 teams considering following McLaren's lead
A number of other Formula 1 teams are considering following McLaren's lead and placing its employees on furlough or asking them to take pay cuts. McLaren made the bold decision on Wednesday to place a significant portion of its workforce across the Group on furlough, while drivers Lando Norris and Carlos Sainz, along with senior figures such as CEO Zak Brown and team principal Andreas Seidl, took pay cuts. Article continues under video The UK government has brought in the furlough scheme to assist companies through financial difficulties as a result of the current coronavirus crisis, guaranteeing the future employment of its employees. The government is to pay 80% of the salaries of those...
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4y ago from GPFans.com
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