News Details
Norris, Sainz take pay cuts, McLaren furloughs staff
Lando Norris and Carlos Sainz will both be taking a pay cut as McLaren announced a temporarily furlough for an undisclosed number of employees. As the world struggles to deal with the ongoing pandemic, many companies and small businesses are taking a huge financial hit. Formula 1 and McLaren are no different. While the sport has put into place several measures aimed at cutting costs, such as deferring 2021's new regulations to 2022 and announcing that teams will race this year's chassis next season, that's not much help with today's cash flow. The teams are reportedly losing as much as '100 million' for every five races missed and so far the first eight grands prix of the 2020 season have...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
Norris, Sainz take pay cuts as McLaren furlough staff
Lando Norris and Carlos Sainz will both be taking a pay cut as McLaren...
4y ago from PlanetF1.com
Norris and Sainz take pay cuts as McLaren place staff...
Formula 1 stars Carlos Sainz and Lando Norris have volunteered to take...
4y ago from GPFans.com
Norris and Sainz take pay cuts as McLaren furlough...
Formula 1 stars Carlos Sainz and Lando Norris have volunteered to take...
4y ago from GPFans.com
McLaren drivers take pay cut as some staff handed...
McLaren drivers Lando Norris and Carlos Sainz are to take a pay cut as the...
4y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
2025 Sepang MotoGP test rundown
The 2025 MotoGP season began to take shape as the entire grid took to the...
1h ago from MotorsportWeek.c...
Quartararo: Yamaha made bigger gains over the winter...
No description available...
1h ago from Motorsport.com
Michelin: Martin's Sepang crash due to drop in tyre...
No description available...
3h ago from Motorsport.com
Alex Marquez leads Bagnaia as Sepang MotoGP test...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Power sets goal of five move competitive years in...
Will Power is one of the NTT IndyCar Series’ longest tenured drivers,...
16h ago from MotorsportWeek.c...
Conor Daly thinks IndyCar should race in Mexico and...
No description available...
1d ago from Motorsport.com
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
3d ago from MotorsportWeek.c...
Penske President Tim Cindric to reduce leadership role
Team Penske announced on Friday afternoon that long-time President Tim...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
1w ago from Motorsport.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
1w ago from Motorsport.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta wants to strengthen Arsenal defence by...
No description available...
29m ago from SportsKeeda.com
Decision made: Arsenal a step closer to landing dream...
It seems a decision has been made that could be great news for Arsenal...
19m ago from CaughtOffside.com
Mikel Arteta lines up move to sign ‘exceptional'...
Arsenal manager Mikel Arteta will be active in the summer transfer window...
1h ago from CaughtOffside.com
“I text him today” - Alan Shearer shares message...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
Hamilton secret emerges following Mercedes exit
A major secret regarding Lewis Hamilton has been... Read More »
2h ago from GPFans.com
David Coulthard suggests why Lewis Hamilton crashed in...
David Coulthard has offered a theory as to why... Read More »
1h ago from MotorsportWeek.com
McLaren issue MAJOR statement over 2025 car
McLaren have delivered a significant statement... Read More »
1h ago from GPFans.com
