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...
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5y ago from PlanetF1.com
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