News Details
McLaren to Cut 1,200 Jobs due to COVID-19
McLaren has announced that they will be cutting 1,200 jobs due to the impact of COVID-19, these include some in the McLaren F1 Team. The Supercar manufacture and Formula 1 team are said to employ around 4,000 and due to the global pandemic of the Coronavirus, their business in sales and advertising revenue has declined. With this, the F1 team will see some cuts, as the 2020 FIA Formula 1 World Championship currently remains on hiatus with its expected to return at the Austrian Grand Prix, in July. The team of around eight hundred in F1 is set to lose around seventy members. However, this could see a decrease in size further when the 2021 Budget Caps come into place, which was agreed by all...
Full Story »
Full Story »
5y ago from TheCheckeredFlag.co.uk
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
McLaren axes 1200 jobs in company restructure
McLaren will lay-off 1200 of its staff across its automotive,...
5y ago from GrandPrix247.com
McLaren to cut 1200 jobs; 70 from F1
The McLaren Group has announced that it will cut 1,200 jobs as a result...
5y ago from Racer.com
McLaren to lay off 1200 employees amid pandemic crisis
The McLaren Group is set to part ways with 1200 members of its staff from...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
2027 MotoGP bikes may not be slower at half the...
No description available...
2h ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
2h ago from MotorsportWeek.c...
VR46 approached by Aprilia for 2027 but new Ducati...
No description available...
1d ago from Motorsport.com
Jerez hosts three days of private MotoGP testing with...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from an action-packed IndyCar race...
No description available...
20h ago from Motorsport.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
1d ago from MotorsportWeek.c...
Washington D.C. IndyCar track layout and event logo...
No description available...
1d ago from Motorsport.com
David Malukas’ Penske poise earns accolades from...
After just two races with Team Penske under his belt, David Malukas is...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota tips Hyundai to fight back in WRC 2026
No description available...
21h ago from Motorsport.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
1d ago from Motorsport.com
Why Hyundai WRC team is "working at 120 per...
No description available...
5d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'He's out' – Arteta confirms key Arsenal star...
Arsenal’s quest for a maiden European crown faces a significant hurdle...
2h ago from CaughtOffside.com
U-turn: Report reveals surprise outcome of recent...
Arsenal may reportedly have cooled their interest in the potential...
5h ago from CaughtOffside.com
Thierry Henry believes Arsenal and one other team are...
Arsenal legend Thierry Henry has ruled out Barcelona as top favourites for...
7h ago from SportsKeeda.com
The big boys are back for Leverkusen trip
Morning all. We're in Champions League action this evening, taking on...
5h ago from Arseblog.com
Comments
Hottest News
Toto Wolff responds to McLaren's Mercedes complaint and...
Toto Wolff has hit back at its F1 rivals who rely... Read More »
3h ago from GPFans.com
Norris downplays Mercedes win, insists Ferrari ‘have the...
Reigning F1 world champion Lando Norris has... Read More »
1h ago from F1i.com
Fernando Alonso told to face F1 media over Aston Martin...
Two-time champion Fernando Alonso is set to face... Read More »
43m ago from GPFans.com
