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McLaren to make 1200 staff redundant
A total of 1200 employees across the McLaren organisation are to be made redundant in a further attempt to cut costs. The impact of the widespread redundancies is set to felt across all the major pillars of the company from its automotive and technological arms to its F1 team, where it is believed that around 70 staff will be leaving that particular operation. McLaren's financial struggles have been well documented in recent months. They were the first team to announce they had put a majority of its F1 staff on furlough while Carlos Sainz and Lando Norris both took pay cuts to ease the financial burden on the team whilst there is no racing. McLaren Group also saw a £150m loan request...
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5y ago from PlanetF1.com
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