News Details
McLaren axes 1200 jobs in company restructure
McLaren will lay-off 1200 of its staff across its automotive, technological and racing divisions, the company announced on Tuesday. Following from reports two weeks ago that the company was attempting to raise funds amidst financial difficulties due to the COVID-19 pandemic, the company has now combined those measures with extensive cost-cuts. Per a report from motorsport.com, only 70 of the 1200 staffers cut are from McLaren's Formula 1 division. 'It is a course of action we have worked hard to avoid, having already undertaken dramatic cost-saving measures across all areas of the business,' said Paul Walsh, executive chairman of the McLaren Group. 'But we now have no other choice but to...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
McLaren Group to lay off 1200 staff, including F1 team...
McLaren have confirmed that they intend to lay off 1200 members of staff,...
5y ago from FormulaSpy.com
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
5y ago from GrandPrix247.com
McLaren to make 1200 staff redundant
A total of 1200 employees across the McLaren organisation are to be made...
5y ago from PlanetF1.com
F1 to unveil huge cost-cutting package, including...
Formula 1 teams have reportedly signed off on a huge package of...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini ‘can’t explain’ KTM tyre...
Enea Bastianini admitted he “can’t explain why” he struggled to...
7h ago from MotorsportWeek.c...
What was behind Enea Bastianini's worst season in...
No description available...
9h ago from Motorsport.com
Fernando Alonso: No normal person could achieve what...
No description available...
1d ago from Motorsport.com
Motorsport Week's Top 10 MotoGP riders of 2025
The 2025 MotoGP season had it all. With 22 rounds and 44 races, the...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Top five memorable drives of the 2025 IndyCar season
No description available...
6h ago from Motorsport.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1w ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
2d ago from Motorsport.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
5d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal vs Aston Villa Prediction and Betting Tips |...
The Premier League is back in action with another round of matches this...
2h ago from SportsKeeda.com
“There’s nothing special in our squad” - Arsenal...
Arsenal manager Mikel Arteta has admitted that the club are not ruling out...
5h ago from SportsKeeda.com
Can 'tactical genius' Emery get the better of Arteta...
Unai Emery says going to Arsenal on Tuesday night is Aston Villa's...
3h ago from SkySports.com
“It’s actually common sense” - Gary Lineker...
Pundit Gary Lineker has advised Arsenal striker Viktor Gyokeres to emulate...
6h ago from SportsKeeda.com
Comments
Hottest News
England cricket fans take aim at Oscar Piastri in brutal...
English cricket fans have taken aim at Australian... Read More »
50m ago from GPFans.com
Fernando Alonso spotted in ultra-rare $10million Mercedes
Two-time F1 champion Fernando Alonso has been... Read More »
1h ago from GPFans.com
Vettel’s brutally honest admission on his final years at...
In a candid retrospective, Sebastian Vettel has... Read More »
5h ago from F1i.com
