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
Joan Mir reveals ‘realistic position’ for Honda...
Joan Mir revealed his sixth-place in Sunday’s Austrian MotoGP race was...
14h ago from MotorsportWeek.c...
Francesco Bagnaia ‘running out of patience’ with...
Francesco Bagnaia revealed it is “difficult to explain” his 2025...
17h ago from MotorsportWeek.c...
Casey Stoner slams MotoGP's new stability control...
Two-time MotoGP champion Casey Stoner has voiced his disapproval of...
1d ago from MotorsportWeek.c...
Diogo Moreira to join Honda ahead of 2026 MotoGP debut
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
NASCAR Trucks to join IndyCar for St. Petersburg race...
The 2026 schedule for the NASCAR Craftsman Truck Series (NCTS) was...
11h ago from MotorsportWeek.c...
Mexico IndyCar race edges closer as officials visit...
No description available...
13h ago from Motorsport.com
Marcus Armstrong will return to Meyer Shank Racing for...
No description available...
2d ago from Motorsport.com
MSR extends Marcus Armstrong contract for 2026 IndyCar...
Meyer Shank Racing announced on Monday that it will keep Marcus Armstrong...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
5d ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
1w ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal close to Eze deal as Spurs move on to other...
Arsenal are close to agreeing a deal with Crystal Palace to sign Eberechi...
7h ago from SkySports.com
'Here we go' for Eberechi Eze to Arsenal as details...
Eberechi Eze to Arsenal has been declared a 'here we go' by transfer guru...
6h ago from CaughtOffside.com
Arsenal latest: 'Huge focus on Gyokeres amid Havertz...
No description available...
7h ago from SkySports.com
Report: Arsenal now closing in on transfer hijack,...
Arsenal are looking to sign the Crystal Palace attacker Eberechi Eze...
8h ago from CaughtOffside.com
Comments
Hottest News
Red Bull shock after Ford announce change of plan over 2026...
Ford has confirmed there has been a change of... Read More »
8h ago from GPFans.com
Formula One set to host Business Summit at Las Vegas
Formula One has announced that it will host a F1... Read More »
2h ago from F1Technical.net
Cadillac sign first F1 driver for 2026 season
The Cadillac team is preparing to make its F1... Read More »
18h ago from RacingNews365.com
