News Details
Norris, Sainz take pay cuts as McLaren furlough 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 »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Norris and Sainz take pay cuts as McLaren place staff...
Formula 1 stars Carlos Sainz and Lando Norris have volunteered to take...
5y 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...
5y ago from BBC.co.uk
McLaren F1 drivers take pay cut, staff furloughed
McLaren has become the first Formula 1 team to place its staff on...
5y ago from Crash.net
COVID-19: McLaren staff furloughed, drivers take pay...
McLaren became the first Formula 1 team to furlough staff because of the...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP circuit contracts: How long will each race...
No description available...
23h ago from Motorsport.com
Former team boss Lin Jarvis definitively leaves Yamaha
No description available...
1d ago from Motorsport.com
Pedro Acosta: “Forgetting about the championship”...
No description available...
1d ago from Motorsport.com
Pramac MotoGP boss shares what ‘surprised’ him...
Pramac MotoGP Team Manager Gino Borsoi revealed that he was “quite...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
5d ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
1d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
2d ago from Motorsport.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Chelsea and Arsenal leading race to sign French...
Arsenal and Chelsea are reportedly leading the race to sign Darryl Bakola...
3h ago from SportsKeeda.com
Arsenal vs Brighton Prediction and Betting Tips |...
Arsenal lock horns with Brighton & Hove Albion in the 18th round of games...
4h ago from SportsKeeda.com
A little bit of nothing
Morning everyone. I hope you had a lovely day yesterday, whether you do...
3h ago from Arseblog.com
Sources: Chelsea are joined by Arsenal in the race to...
Marseille’s highly rated teenage midfielder Darryl Bakola has rapidly...
5h ago from CaughtOffside.com
Comments
Hottest News
What was McLaren's most controversial 2025 team order?
It was far from a simple season for McLaren,... Read More »
1h ago from RacingNews365.com
Motorsport Week's F1 Moments of 2025: Isack Hadjar's podium
For me, the moment of the entire F1 season in... Read More »
40m ago from MotorsportWeek.com
Bottas and Perez handed Cadillac F1 boost ahead of returns
F1 stars Valtteri Bottas and Sergio Perez have... Read More »
1h ago from GPFans.com
