News Details
McLaren Group to lay off 1200 staff, including F1 team losses
McLaren have confirmed that they intend to lay off 1200 members of staff, including the Formula 1, from across the entire group. The McLaren Group is set to lay off some 1200 members of staff from across the organisation, in a bid to reduce their costs in the wake of the coronavirus pandemic. This figure of 1200 equates to around 25% of the total workforce of the McLaren Group, and will see redundancies shared across the road car division, McLaren Applied Technologies and the Formula 1 team. Last month, McLaren announced that it had placed some of its F1 staff on furlough as part of the Coronavirus Job Retention Scheme. Sky News reports that the F1 cost cap of $145 million set to be...
Full Story »
Full Story »
3y ago from FormulaSpy.com
0
You May Also Be Interested In...
McLaren to make 1200 staff redundant
A total of 1200 employees across the McLaren organisation are to be made...
3y ago from PlanetF1.com
McLaren undergoes restructuring: 1,200 employees are...
The coronavirus affects many companies and car manufacturers are no...
3y ago from GPBlog.com
Tost: 'As long as all teams follow the procedures, I...
It's starting to look more and more like a military operation, the start...
3y ago from GPBlog.com
Silverstone tells members ‘don't ask for refunds'
British Racing Drivers' Club chairman John Grant has pleaded with members...
3y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Vinales: Aprilia COTA MotoGP win has ‘different...
Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
8h ago from MotorsportWeek.c...
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
11h ago from Motorsport.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Long Beach: O’Ward leads Power in opening...
No description available...
2h ago from Motorsport.com
O’Ward blasts to the top of IndyCar’s opening Long...
The NTT IndyCar Series drivers hit the streets of Long Beach on Friday...
2h ago from MotorsportWeek.c...
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
8h ago from Motorsport.com
Kirkwood: “More durable” tires hindering passing...
No description available...
8h ago from Motorsport.com
Popular On TotalWRC.com
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
8h ago from Motorsport.com
Latvala: Neuville, Evans tied for WRC Croatia lead...
No description available...
5h ago from Motorsport.com
Neuville and Evans tied to a tenth!
Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...
5h ago from MotorsportWeek.c...
WRC Croatia: Neuville sets the pace to lead title...
No description available...
15h ago from Motorsport.com
Popular On GunnersToday.com
Manchester United Transfer News Roundup: Ivan Toney...
No description available...
3h ago from SportsKeeda.com
Aston Villa line up summer move for £60m Chelsea flop
Aston Villa are targeting a new left-back this summer and Chelsea's Marc...
5h ago from CaughtOffside.com
Mikel Arteta says it is 'too soon' for £38m defender...
Arsenal manager Mikel Arteta has provided an injury update on summer...
5h ago from CaughtOffside.com
'This behavior has become his stock in trade' -...
No description available...
10h 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 »
9h ago from GPFans.com
Hamilton dealt China blow after major FIA decision as...
Lewis Hamilton had pole position snatched away... Read More »
4h ago from GPFans.com
F1 Sprint Qualifying Results: Chinese Grand Prix 2024 times...
George Russell saved himself from an ignominious... Read More »
18h ago from GPFans.com