News Details

Sauber late with February staff payments

– Sauber staff have not been paid in full for the month of February as a result of cashflow problems.Sauber has struggled financially in recent seasons and, less than two weeks before the 2016 campaign gets under way with the Australian Grand Prix, the outfit has admitted that it is behind with salary payments.Staff have been given a portion of their salaries for February, until the situation is resolved."Part of the February salaries are still due," a team spokesperson confirmed to GPUpdate.net.Sauber was one of two teams, alongside Force India, to lodge an EU complaint towards the end of last year, claiming that there is an "unfair" and "unlawful"...
Full Story »
10y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Sauber hasn't paid salaries to over 300 staff workers

Midfield runner, Sauber F1 by the looks of it have gone ‘into debt'...
10y ago from F1Hub.net

Sauber admits delay to portion of staff wages

Sauber CEO Monisha Kaltenborn had admitted a 'technical problems' with...
10y ago from Crash.net

Kaltenborn: Part of the February salaries are still due

Sauber is entering yet another Formula 1 season under a financial cloud,...
10y ago from GrandPrix247.com

Feature: Ericsson looks to build with Sauber

Sauber F1 Team Marcus Ericsson is sat in his full race suit, his...
10y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Alex Palou piles on the points with IndyCar Long Beach...

The NTT IndyCar Series took to the streets of Long Beach, California on...
46m ago from MotorsportWeek.c...

IndyCar Long Beach – Race Results

Lining up to tackle the third street course in five races, drivers of the...
36m ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

'Time to move on', 'Running around doing nothing' -...

Arsenal fans want Martin Odegaard sold after the club captain's...
5h ago from SportsKeeda.com

Erling Haaland appears to sing iconic song after...

Manchester City striker Erling Haaland appeared to be in a very good mood...
5h ago from SportsKeeda.com

Nico O’Reilly’s fearless quality exposes...

p lying creator is an excellent Manchester City story and confirmed why he...
4h ago from TheGuardian.com

'Panic on the streets of London' - How do Arsenal...

"Panic on the streets of London," read the Manchester City...
4h ago from SkySports.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.