News Details

Sauber hasn't paid salaries to over 300 staff workers

Midfield runner, Sauber F1 by the looks of it have gone ‘into debt' following the team not paying salaries to over 300 employees at their Swiss headquarters where the team is based. Sauber F1's team principal, Monisha Kaltenborn told the press Sauber are currently encountering financial woes, after their struggle to pay employees, and it is clear the start of the 2016 season is going to be a tough one for the Swiss outfit. Over the course of the past year, the team have encountered several mishaps and legal tussles, such as at last year's Australian Grand Prix where Giedo van der Garde took legal action against the Hinwil outfit after the Dutch driver signed a contract to race in...
Full Story »
10y ago from F1Hub.net 0
Share

You May Also Be Interested In...

Kaltenborn: Part of the February salaries are still due

Sauber is entering yet another Formula 1 season under a financial cloud,...
10y ago from GrandPrix247.com

Sauber: Yes, it is true,’We’re in trouble’

Sauber F1 boss and co-owner Monisha Kaltenboth Sauber is entering yet...
10y ago from ThisIsF1.com

Ericsson rues engine woes

Sauber's second day in the new C35 was blighted by engine troubles that...
10y ago from PlanetF1.com

Sauber release first images of new Ferrari-powered C35

Ahead of tomorrow's track debut, the Sauber F1 Team have today released...
10y ago from F1Technical.net

Elsewhere On The Network

Popular On MGPToday.com

Massimo Rivola: Aprilia has become the ‘benchmark’...

Massimo Rivola has admitted that Aprilia has become the current reference...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Kalle Rovanpera returns to WRC with Subaru

Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...

Popular On GunnersToday.com

Director breaks silence on future of 'very important'...

AC Milan sporting director Igli Tare has spoken out on the future of star...
38m ago from CaughtOffside.com

From France: Liverpool on alert 2x UCL winner made...

Liverpool are reportedly one of the clubs on alert as Real Madrid look...
1h ago from CaughtOffside.com

“I couldn’t connect to the fans” - Willian opens...

Former Chelsea and Arsenal star Willian has revealed that he disregarded...
18m ago from SportsKeeda.com

Viktor who? Sporting’s new Gyökeres has sights...

Sweden striker’s goals had inspired Sporting for two years but in...
8m ago from TheGuardian.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.