News Details
Norris, Sainz take pay cuts, McLaren furloughs staff
Lando Norris and Carlos Sainz will both be taking a pay cut as McLaren announced a temporarily furlough for an undisclosed number of employees. As the world struggles to deal with the ongoing pandemic, many companies and small businesses are taking a huge financial hit. Formula 1 and McLaren are no different. While the sport has put into place several measures aimed at cutting costs, such as deferring 2021's new regulations to 2022 and announcing that teams will race this year's chassis next season, that's not much help with today's cash flow. The teams are reportedly losing as much as '100 million' for every five races missed and so far the first eight grands prix of the 2020 season have...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
Norris, Sainz take pay cuts as McLaren furlough staff
Lando Norris and Carlos Sainz will both be taking a pay cut as McLaren...
4y ago from PlanetF1.com
Norris and Sainz take pay cuts as McLaren place staff...
Formula 1 stars Carlos Sainz and Lando Norris have volunteered to take...
4y ago from GPFans.com
Norris and Sainz take pay cuts as McLaren furlough...
Formula 1 stars Carlos Sainz and Lando Norris have volunteered to take...
4y ago from GPFans.com
McLaren drivers take pay cut as some staff handed...
McLaren drivers Lando Norris and Carlos Sainz are to take a pay cut as the...
4y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
3h ago from Motorsport.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
23h ago from MotorsportWeek.c...
How MotoGP brakes work: Secrets of stopping a 220mph...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
11m ago from Motorsport.com
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
1d ago from Motorsport.com
Pourchaire to make IndyCar debut in Long Beach with...
Arrow McLaren has announced that the reigning Formula 2 champion Theo...
1d ago from MotorsportWeek.c...
IndyCar's new Aeroscreen makes early debut at Long...
The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
21m ago from Motorsport.com
WRC Croatia: Neuville sets the pace to lead title...
No description available...
6h ago from Motorsport.com
Hyundai enacts contingency plan after WRC Kenya fuel...
No description available...
1d ago from Motorsport.com
WRC 2025 rules limbo creating “critical” situation...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Premier League gameweek 34: Confirmed team news and...
Sports Mole rounds up every Premier League club's confirmed team news...
2h ago from SportsMole.co.uk
Oliver Glasner wants £40m Premier League midfielder...
Crystal Palace have been linked with a move for Arsenal's Emile Smith Rowe...
2h ago from CaughtOffside.com
'There is a good chance' - Jurgen Klopp explains how...
No description available...
41m ago from SportsKeeda.com
Mikel Arteta provides Jurrien Timber fitness update...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
FIA announce crucial top three UPDATE in China after...
The top three drivers for Saturday's sprint race... Read More »
41m ago from GPFans.com
F1 Sprint Qualifying Results: Chinese Grand Prix 2024 times...
George Russell saved himself from an ignominious... Read More »
9h ago from GPFans.com
FIA CANCEL important drivers' meeting after huge drama in...
An important meeting set to be held with all of... Read More »
6h ago from GPFans.com