News Details
McLaren Group to lay off 1200 staff, including F1 team losses
McLaren have confirmed that they intend to lay off 1200 members of staff, including the Formula 1, from across the entire group. The McLaren Group is set to lay off some 1200 members of staff from across the organisation, in a bid to reduce their costs in the wake of the coronavirus pandemic. This figure of 1200 equates to around 25% of the total workforce of the McLaren Group, and will see redundancies shared across the road car division, McLaren Applied Technologies and the Formula 1 team. Last month, McLaren announced that it had placed some of its F1 staff on furlough as part of the Coronavirus Job Retention Scheme. Sky News reports that the F1 cost cap of $145 million set to be...
Full Story »
Full Story »
5y ago from FormulaSpy.com
0
You May Also Be Interested In...
McLaren to make 1200 staff redundant
A total of 1200 employees across the McLaren organisation are to be made...
5y ago from PlanetF1.com
McLaren undergoes restructuring: 1,200 employees are...
The coronavirus affects many companies and car manufacturers are no...
5y ago from GPBlog.com
Tost: 'As long as all teams follow the procedures, I...
It's starting to look more and more like a military operation, the start...
5y ago from GPBlog.com
Silverstone tells members ‘don't ask for refunds'
British Racing Drivers' Club chairman John Grant has pleaded with members...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Carlos Ezpeleta: 'We are in hurry to lay foundations...
No description available...
2h ago from Motorsport.com
How Jorge Lorenzo is pushing Maverick Vinales beyond...
No description available...
22h ago from Motorsport.com
Ducati will continue racing its unbeatable 2024 engine...
No description available...
1d ago from Motorsport.com
Can Johann Zarco match factory Honda duo Joan Mir and...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
3d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
2d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
2d ago from Motorsport.com
Mick Schumacher reveals what has surprised him the...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
3h ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
21h ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
23h ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal target versatile Spanish defender who...
Arsenal’s summer recruitment drive is already taking shape, and one of...
48m ago from CaughtOffside.com
Arsecast Extra Episode 681 – 16.02.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
1h ago from Arseblog.com
Arsenal hold strongest interest in signing Real Madrid...
Arsenal are reportedly leading the chase to sign Real Madrid defender...
3h ago from SportsKeeda.com
“Arteta doesn’t really have his perfect XI” -...
Former Arsenal defender Kieran has claimed that it is tough to pick...
5h ago from SportsKeeda.com
Comments
Hottest News
FIA 'will ban' Mercedes engine trick following rivals uproar
The FIA have insisted that they want to get as... Read More »
4h ago from GPFans.com
Mike Krack reveals cause of Aston Martin Bahrain test pace...
Mike Krack admitted the 2026 Formula 1 season is... Read More »
6h ago from MotorsportWeek.com
Ferrari make hard demand over much-discussed Lewis Hamilton...
Lewis Hamilton is entering his second season with... Read More »
38m ago from RacingNews365.com
