News Details
Norris, Sainz take pay cuts, McLaren furloughs staff
Lando Norris and Carlos Sainz will both be taking a pay cut as McLaren announced a temporarily furlough for an undisclosed number of employees. As the world struggles to deal with the ongoing pandemic, many companies and small businesses are taking a huge financial hit. Formula 1 and McLaren are no different. While the sport has put into place several measures aimed at cutting costs, such as deferring 2021's new regulations to 2022 and announcing that teams will race this year's chassis next season, that's not much help with today's cash flow. The teams are reportedly losing as much as '100 million' for every five races missed and so far the first eight grands prix of the 2020 season have...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Norris, Sainz take pay cuts as McLaren furlough staff
Lando Norris and Carlos Sainz will both be taking a pay cut as McLaren...
5y ago from PlanetF1.com
Norris and Sainz take pay cuts as McLaren place staff...
Formula 1 stars Carlos Sainz and Lando Norris have volunteered to take...
5y ago from GPFans.com
Norris and Sainz take pay cuts as McLaren furlough...
Formula 1 stars Carlos Sainz and Lando Norris have volunteered to take...
5y ago from GPFans.com
McLaren drivers take pay cut as some staff handed...
McLaren drivers Lando Norris and Carlos Sainz are to take a pay cut as the...
5y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Honda in conundrum over Somkiat Chantra stand-in for...
No description available...
7h ago from Motorsport.com
BMW admits 2027 MotoGP entry “not viable” as it...
No description available...
1d ago from Motorsport.com
Why 2026 is the right time for Ducati to field six...
No description available...
2d ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Jacob Abel: ‘I would hate if this was my only...
Jacob Abel is one of three rookies in IndyCar this season, and is hopeful...
3h ago from MotorsportWeek.c...
Colton Herta leads tight field in second IndyCar...
IndyCar took to the Portland International Raceway on Saturday morning,...
1h ago from MotorsportWeek.c...
Newgarden among three Chevy-powered drivers taking a...
Three drivers have been handed a grid penalty by IndyCar for using...
1h ago from MotorsportWeek.c...
Christian Lundgaard leaps to the top in opening...
IndyCar headed out on track at Portland International Raceway Friday...
19h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
6d ago from MotorsportWeek.c...
Future second Asian/Pacific event behind WRC calendar...
No description available...
4d ago from Motorsport.com
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Gyokeres off the mark as Arsenal end pre-season with...
Viktor Gyokeres scored his first goal for Arsenal as the Gunners finished...
37m ago from SkySports.com
Player ratings: Arsenal 3-0 Athletic Bilbao
Arsenal ended pre-season with a convincing win over La Liga side Athletic...
37m ago from FreshArsenal.com
“Looked better in blue” - Chelsea youngster drops...
Chelsea academy star Heze Grimwade has sent a cheeky message to Noni...
2h ago from SportsKeeda.com
Gyokeres starts again for Arsenal vs Athletic Club...
No description available...
3h ago from SkySports.com
Comments
Hottest News
Mercedes contract announcement takes twist after George...
George Russell is not expecting an announcement... Read More »
2h ago from GPFans.com
Liam Lawson reveals Max Verstappen regret after Red Bull axe
Liam Lawson was 'very excited' to learn from Max... Read More »
56m ago from RacingNews365.com
Lewis Hamilton ranks his disaster Ferrari debut against...
Lewis Hamilton has given a brutal assessment of... Read More »
27m ago from GPFans.com
