News Details
McLaren axes 1200 jobs in company restructure
McLaren will lay-off 1200 of its staff across its automotive, technological and racing divisions, the company announced on Tuesday. Following from reports two weeks ago that the company was attempting to raise funds amidst financial difficulties due to the COVID-19 pandemic, the company has now combined those measures with extensive cost-cuts. Per a report from motorsport.com, only 70 of the 1200 staffers cut are from McLaren's Formula 1 division. 'It is a course of action we have worked hard to avoid, having already undertaken dramatic cost-saving measures across all areas of the business,' said Paul Walsh, executive chairman of the McLaren Group. 'But we now have no other choice but to...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
McLaren Group to lay off 1200 staff, including F1 team...
McLaren have confirmed that they intend to lay off 1200 members of staff,...
4y ago from FormulaSpy.com
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
4y ago from GrandPrix247.com
McLaren to make 1200 staff redundant
A total of 1200 employees across the McLaren organisation are to be made...
4y ago from PlanetF1.com
F1 to unveil huge cost-cutting package, including...
Formula 1 teams have reportedly signed off on a huge package of...
4y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Bastianini defends controversial Misano winning move...
No description available...
8h ago from Motorsport.com
Martin: Bastianini’s Misano move “bit too much”,...
No description available...
9h ago from Motorsport.com
Enea Bastianini wins controversial Misano MotoGP race...
Enea Bastianini earned Ducati their 100th MotoGP win after a...
11h ago from MotorsportWeek.c...
Marquez: Double Misano win will be a long shot despite...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
FBI descend on Rahal Letterman Lanigan Racing base
According to multiple reports, the Federal Bureau of Investigation (FBI)...
2d ago from MotorsportWeek.c...
Rahal Letterman Lanigan investigated by the FBI: What...
No description available...
3d ago from Motorsport.com
Felipe Drugovich granted IndyCar test with Chip...
2022 FIA Formula 2 World Champion Felipe Drugovich has landed an NTT...
1d ago from MotorsportWeek.c...
2022 F2 champ Drugovich testing with Ganassi later...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Inside the WRC’s search for its next Michele Mouton
No description available...
2d ago from Motorsport.com
WRC selects women’s driver development programme...
No description available...
4d ago from Motorsport.com
No pressure on Pajari after surprise Toyota Rally1...
No description available...
6d ago from Motorsport.com
Latvala: Toyota needs three full-time WRC drivers in...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
5 times Arsenal players were harshly treated by...
Instances of Arsenal and its players being harshly treated by English...
35m ago from SoccerSouls.com
“Who the f*ck are you?” - Erling Haaland aims...
No description available...
35m ago from SportsKeeda.com
Pep Guardiola issues Rodri injury update after Man...
Pep Guardiola is unsure of the severity of the injury that Rodri suffered...
55m ago from SportsMole.co.uk
Referee questioned after Manchester City player avoids...
Paul Merson questioned why Manchester City player Jeremy Doku did not...
6h ago from CaughtOffside.com
Comments
Hottest News
Brown questioning RB's fastest lap move with Ricciardo at...
McLaren Racing CEO Zak Brown says he will ask... Read More »
6h ago from Racer.com
Red Bull: McLaren pace in F1 Singapore GP was ‘taking...
Red Bull boss Christian Horner has expressed... Read More »
6h ago from MotorsportWeek.com
RB indicates that Ricciardo will not return past F1...
RB has indicated that Daniel Ricciardo will not... Read More »
4h ago from MotorsportWeek.com
