News Details

‘Painful’ McLaren redundancies aimed at fitting team to F1’s new future

The staff reductions announced earlier this week by McLaren are necessary to ensure the team is in the best shape to achieve success under Formula 1’s new regulations, according to team principal Andreas Seidl. After teams agreed to a lower budget cap of $145 million in 2021 — dropping to $135m by 2023 — as well as aerodynamic testing restrictions to help make the sport more sustainable, McLaren confirmed it envisaged making around 70 redundancies in its F1 team even before the FIA World Motor Sport Council rubber-stamped the new rules. Those layoffs come as part of much wider cutbacks of the McLaren Group as some 1200 jobs will be lost, but Seidl says the F1 changes are...
Full Story »
4y ago from Racer.com 0 Comments
Share

You May Also Be Interested In...

Massa predicting success for Sainz at Ferrari

Former Ferrari driver Felipe Massa believes Carlos Sainz has the ability...
4y ago from F1i.com

Boris Johnson poised to intervene to ensure British GP...

The 2020 British Grand Prix appears to be back on amid reports British...
4y ago from Crash.net

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

McLaren braced for painful restructuring amid cost cap

McLaren has backed the changes made to Formula 1’s Financial...
4y ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

BMW Motorrad looking to buyout KTM – report

Reports indicate that German manufacturer BMW Motorrad is looking to buy...

Jorge Martin to miss Thai MotoGP season opener

Reigning MotoGP champion Jorge Martin will miss out on the season opener...

Popular On IndyCarToday.com

Zak Brown outlines investment that could maximize...

McLaren Racing CEO Zak Brown has released a public letter covering...

Team Penske quickest in final IndyCar test day

The NTT IndyCar Series held its second and final preseason open test day...

IndyCar tire allocations, practice rules updated for...

IndyCar has announced multiple updates to rules regarding use of the...

Pato O’Ward fastest in first day of IndyCar...

The entire NTT IndyCar Series paddock set up shop in Sebring, Florida on...

Popular On TotalWRC.com

WRC drivers follow F1 in statement to FIA president

World Rally Championship drivers have penned a strongly-worded statement...

Elfyn Evans wins Rally Sweden by a whisker

Super Sunday on Rally Sweden was just that! After 300km of hard racing,...

Popular On GunnersToday.com

Arsecast Extra Episode 627 – 24.02.2025

Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
21m ago from Arseblog.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.