News Details

Red Bull long-term staff redundancies ‘painful'

Red Bull boss Christian Horner discussed the mammoth task of falling within the budget cap, which has forced painful staff cuts. Red Bull, along with Mercedes and Ferrari were the teams that had established themselves as by far the biggest spenders in Formula 1. But, in a bid to make the series both more sustainable and competitive, a budget cap has been brought in, set at $145million for the 2021 season. By 2023 though the limit will be down to $135m. With that, then, has come the need for major cuts, and Horner said it was a pain to have to make several long-term staff members redundant. “We have so many activities as well where we supply, for example, a gearbox to Toro Rosso...
Full Story »
3y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Wolff and Horner reveal "pain" of axing...

Ian Parkes Friday 2 april 2021 17:05 Mercedes team principal Toto Wolff...
3y ago from GPFans.com

Horner predicts Verstappen lost "one tenth"...

During Q1, Max Verstappen drove over the kerbs at high speed. Sparks flew...
3y ago from GPBlog.com

Horner adds to Mercedes woes: With damage, Verstappen...

During Q1, Max Verstappen drove over the kerbs at high speed. Sparks flew...
3y ago from GPBlog.com

Red Bull says Sprint Race trial requires cost cap...

Red Bull team boss Christian Horner says a Sprint Race trial this season...
3y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Yamaha to bring brand new MotoGP bike at Jerez test

Fabio Quartararo and Alex Rins are set to test ride a brand-new Yamaha M1...

Fernandez to ride 2024 Aprilia MotoGP bike from Jerez...

Trackhouse Aprilia rider Raul Fernandez will ride the 2024 spec bike when...

Popular On IndyCarToday.com

McLaughlin disputes IndyCar's claim that rules...

Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
12h ago from MotorsportWeek.c...

O’Ward retroactively given St. Pete win after Team...

The NTT IndyCar Series announced on Wednesday that all three Team Penske...

Popular On TotalWRC.com

Popular On GunnersToday.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.