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 »
9y 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...
9y ago from F1Plus.com
End of the Formula 1 dream for Marussia
Sad times for Marussia
The British-based Marussia Formula 1 team reached...
9y ago from GrandPrix247.com
End of Formula 1 dream for Marussia
xt">Sad times for Marussia
The British-based Marussia Formula...
9y ago from GrandPrix247.com
Caterham crowdfunding project hits half-way mark
The Caterham F1 Team's crowdfunding project, which was launched last week,...
9y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP won't hold season finale in Valencia;...
No description available...
58m ago from Motorsport.com
Francesco Bagnaia isn't ‘prepared' to race in...
Double reigning MotoGP champion Francesco Bagnaia has revealed he isn't...
2h ago from MotorsportWeek.c...
Bagnaia: “Even if it means losing the title, I’m...
No description available...
3h ago from Motorsport.com
Martin: “It’s good I crashed today” in MotoGP...
No description available...
2h ago from Motorsport.com
Popular On IndyCarToday.com
O’Ward sees Arlington race as a test for the future...
No description available...
1d ago from Motorsport.com
Ganassi finalizes IndyCar lineup, confirms Kyffin...
Chip Ganassi Racing announced its full 2025 IndyCar line-up on Wednesday,...
1d ago from MotorsportWeek.c...
Chip Ganassi Racing finalizes its 2025 lineups for...
No description available...
1d ago from Motorsport.com
McLaren Racing set for investment from Abu Dhabi-based...
McLaren Group's automotive sector is set for new investment from an...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Friday favourite: When a burly Skoda challenged the...
No description available...
3h ago from Motorsport.com
A Farewell Message from The Checkered Flag
After 15 years of motorsport coverage, TheCheckeredFlag.co.uk announces...
1h ago from TheCheckeredFlag...
Didier Auriol entering Rally Japan, first WRC start...
1994 World Rally Champion Didier Auriol will run the 2024 season finale in...
2d ago from TheCheckeredFlag...
Popular On GunnersToday.com
Team News: Newcastle United vs. Arsenal injury,...
Sports Mole rounds up all of the latest injury and suspension news ahead...
48m ago from SportsMole.co.uk
Mikel Arteta's woes continue with huge Arsenal problem...
Injuries and suspensions to key players have already derailed the chance...
2h ago from CaughtOffside.com
Premier League talking points: Title tussles and...
It has been a big week for Manchester United and there will be plenty of...
2h ago from SkySports.com
'He will be available' – Arteta's positive news...
Mikel Arteta will hopefully have something to shout about at the...
1h ago from CaughtOffside.com
Comments
Hottest News
Red Bull announce exclusive takeover ahead of Brazilian GP
Red Bull have revealed an exclusive takeover... Read More »
5h ago from GPFans.com
F1 updates in Brazil: McLaren leave no stone unturned with...
The FIA has announced the submitted updates for... Read More »
58m ago from GPBlog.com
A Farewell Message from The Checkered Flag
After 15 years of motorsport coverage,... Read More »
1h ago from TheCheckeredFlag.co.uk
