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Williams furloughs staff as management and drivers take pay cut
Williams has confirmed that it has furloughed 'some' of its staff, following in the footsteps of the McLaren Formula 1 team. Like McLaren, its senior management and its drivers, George Russell and Nicholas Latifi, have also agreed to take a pay cut in an effort to reduce costs for the team. 'Due to the ongoing situation involving Covid-19, ROKiT Williams Racing is temporarily furloughing a number of employees as part of a wider range of cost-cutting measures,' the team confirmed in a brief statement. 'The furlough period will last until the end of May whilst senior management, and our drivers, have taken a pay cut of 20% effective from 1st April. 'These decisions have not been taken...
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5y ago from MotorsportWeek.com
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