News Details
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...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Renault set to cut costs by 2bn, will their F1 team...
French car manufacturer Renault is soon to announce that it is being...
5y ago from MotorsportWeek.com
80-staff limit for teams at ‘closed events'
Teams will be limited to 80 staff at race weekends this season when they...
5y ago from PlanetF1.com
Did Ricciardo see the writing with Renault's $2.2b cuts
Daniel Ricciardo may have jumped off the Renault ship before it sunk with...
5y ago from PlanetF1.com
F1 teams 'agree drastic cost-cutting measures'
F1 teams have agreed a wide-ranging set of rules changes designed to...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Ai Ogura fastest in final Brazilian MotoGP practice
Trackhouse Racing rider Ai Ogura recorded the fastest time in the final...
30m ago from MotorsportWeek.c...
Marco Bezzecchi puzzled after P20: ‘We had some...
No description available...
2h ago from Motorsport.com
MotoGP rookie Toprak Razgatlioglu surprises himself...
No description available...
3h ago from Motorsport.com
MotoGP riders praise “really fun” Brazil GP track...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
3d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
3d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
3d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
5h ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
9h ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
9h ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
9h ago from Motorsport.com
Popular On GunnersToday.com
Pep Guardiola appears to confirm star man will not...
Manchester City boss Pep Guardiola has seemingly confirmed the...
2h ago from SportsKeeda.com
'Their guru is all about fouling the goalkeeper' -...
Graeme Souness has criticized Arsenal's set-piece tactics while also...
4h ago from SportsKeeda.com
Saturday round-up: Saka and Merse, modern football,...
Morning all. Let's have a quick Saturday round-up, because while obviously...
5h ago from Arseblog.com
Mikel Arteta provides fitness update on 2 key Arsenal...
Arsenal manager Mikel Arteta has hinted that Martin Odegaard and Jurrien...
8h ago from SportsKeeda.com
Comments
Hottest News
FIA appoint F1 2026 replacement after surprise exit
The FIA have appointed a new F1 deputy race... Read More »
1h ago from GPFans.com
Max Verstappen left laughing after Nurburgring triumph
Max Verstappen will start today's 58th ADAC... Read More »
3h ago from GPFans.com
Jock Clear warns Fernando Alonso not the driver to save...
Aston Martin’s struggles this 2026 Formula 1... Read More »
4h ago from GrandPrix247.com
