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Sainz, Norris take pay cuts as McLaren furloughs staff
McLaren Formula 1 drivers Carlos Sainz and Lando Norris have both agreed to take a pay cut during the current Coronavirus situation, as the McLaren team has taken steps to reduce costs by furloughing its racing staff. The UK Government has committed to paying 80 per cent of furloughed employee’s salaries up to a maximum of £2,500 per month, in an effort to reduce redundancies as businesses face major financial struggles. McLaren confirmed in a statement that it had taken the decision to furlough its staff, with drivers Sainz and Norris, as well as senior management, taking pay cuts until things start returning to normal. 'The McLaren Group is temporarily furloughing a number of...
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6y ago from MotorsportWeek.com
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