News Details
Caterham makes 230 staff redundant
Caterham F1 Team
Caterham's Formula 1 team has made 230 employees redundant, ahead of its anticipated return at the Abu Dhabi Grand Prix.
Caterham entered administration at the end of October and the majority of employees, who have not been paid since the end of September, requested to be made redundant in order to start a formal claims process.
"We are going to Abu Dhabi, racing and talking to potential buyers with meetings already arranged out there," said administrator Finbarr O'Connell from Smith & Williamson.
"The second track is that at the same time the claims forms will be up and running.
"A best outcome could be for staff to get redundancy, arrears of pay and...
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9y ago from F1Zone.net
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