News Details
Majority of Caterham staff made redundant
The Caterham F1 Team might be enjoying good news at the moment following an announcement that they will be back on the grid for the Abu Dhabi Grand Prix next weekend, but for the majority of their workforce, it's a different feeling altogether. Almost 85 per cent of the team is employed by a company called 1MRT (1 Malaysia Racing Team) which is owned by Tony Fernandes. The remaining 15 per cent are employed by Caterham - the part currently under the control of administrators Smith & Williamson led by Finbarr O'Connell. Whilst the 15 per cent remain safe for now, following Friday's announcement, as they're needed to operate the cars in Abu Dhabi, the majority of employees - those at 1MRT -...
Full Story »
Full Story »
10y ago from TheF1Times.com
0
You May Also Be Interested In...
Caterham set for Abu Dhabi return
LONDON, Nov 14, 2014 (AFP) - The struggling Caterham team are set to...
10y ago from F1Plus.com
End of the Formula 1 dream for Marussia
Sad times for Marussia
The British-based Marussia Formula 1 team reached...
10y ago from GrandPrix247.com
End of Formula 1 dream for Marussia
xt">Sad times for Marussia
The British-based Marussia Formula...
10y ago from GrandPrix247.com
Caterham crowdfunding project hits half-way mark
The Caterham F1 Team's crowdfunding project, which was launched last week,...
10y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
Alvaro Bautista comments on Toprak Razgatlioglu's 2026...
Two-time WorldSBK champion Alvaro Bautista shared what he would do if he...
22h ago from MotorsportWeek.c...
To crack the US, MotoGP should do a double-header in...
No description available...
1d ago from Motorsport.com
Yamaha set to confirm new inline-four MotoGP engine at...
Yamaha admits it is likely to use its updated inline-four MotoGP engine...
4d ago from MotorsportWeek.c...
How Alex Marquez won the MotoGP Spanish GP the Marc...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Barber – Qualifying Results
IndyCar completed a knockout qualifying session on Saturday afternoon,...
18h ago from MotorsportWeek.c...
Another round of Alex Palou perfection as he snags...
No description available...
17h ago from Motorsport.com
Alex Palou flies to IndyCar pole at Barber
The NTT IndyCar Series took to Barber Motorsports Park on Saturday...
18h ago from MotorsportWeek.c...
IndyCar modifies tire allocation rules for Indy GP
The NTT IndyCar Series has announced a change to the tire allocation...
17h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rally Portugal set to feature record-equaling WRC...
No description available...
3d ago from Motorsport.com
Hyundai was 'clearly unprepared' for WRC Canary...
No description available...
4d ago from Motorsport.com
Toyota Gazoo Racing's silver lining
Toyota Gazoo Racing has a silver lining, literally. Not content with a...
5d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal eye 100 million move for Real Madrid star -...
Arsenal are reportedly ready to splurge 100 million to snap up Real Madrid...
1h ago from SportsKeeda.com
Arsenal could face UEFA sanction after fans were...
Arsenal could face sanction from UEFA after a few fans were seen making...
2h ago from SportsKeeda.com
Arsenal interest in Real Madrid superstar confirmed in...
Arsenal are in the market for a new left winger, and their bid to address...
3h ago from CaughtOffside.com
Arsenal identify Real Madrid target as the ideal...
Arsenal have reportedly identified Real Madrid target Martin Zubimendi as...
5h ago from SportsKeeda.com
Comments
Hottest News
Verstappen makes 'seven-time world champion' Hamilton...
Max Verstappen has highlighted his and Lewis... Read More »
1h ago from GPFans.com
F1 News Today: Miami Grand Prix sprint race result changes...
After the chequered flag had been waved in the... Read More »
10h ago from GPFans.com
F1 2025 Miami Grand Prix weather forecast - Latest today as...
The sixth round of the 2025 Formula 1 world... Read More »
2h ago from GPFans.com
