News Details
McLaren to cut 1200 jobs; 70 from F1
The McLaren Group has announced that it will cut 1,200 jobs as a result of the COVID-19 pandemic, with around 70 expected to be lost from its Formula 1 team. McLaren was the first F1 team to take advantage of the United Kingdom’s job retention scheme, furloughing many staff when income levels dropped dramatically. The supercar manufacturer has taken a further hit due to the lack of new car sales during the first half of 2020, leaving the company assessing options to raise over $300 million to help it through the crisis.
Full Story »
Full Story »
You May Also Be Interested In...
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 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
McLaren Group to cut workforce, F1 jobs set to be lost
McLaren Group has confirmed that it is planning to reduce
its headcount...
5y ago from MotorsportWeek.com
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
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
12h ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
1d ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
2d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
1d ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
1d ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
1d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg survives with healthy...
No description available...
3h ago from Motorsport.com
Solberg steals the show on Saturday
Oliver Solberg and Elliot Edmondson continued where they left off on...
4h ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg in control, as Elfyn...
No description available...
12h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg moves clear of the...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal interested in signing Brazilian league...
Arsenal look unlikely to sign any senior players soon, but the club do...
23m ago from FreshArsenal.com
Jermaine Jenas warns Arsenal about 3 Manchester United...
Former Tottenham Hotspur midfielder Jermaine Jenas has warned Arsenal that...
4h ago from SportsKeeda.com
Talks held: Arsenal planning transfer move for £43m...
Arsenal are reportedly discussing a potential future transfer move for...
5h ago from CaughtOffside.com
Arteta: I feel part of Rams' Super Bowl challenge
Stan Kroenke just became America's largest private landowner. The Arsenal...
5h ago from SkySports.com
Comments
Hottest News
Charles Leclerc suffers very unfortunate mishap during...
There's low-hanging fruit, and then... Read More »
2h ago from GPFans.com
Kelly Piquet tells all about the very first time she met...
Kelly Piquet shared the details of how she first... Read More »
1h ago from GPFans.com
What does Mekies expect from the first season of the Red...
Red Bull ushered in the next chapter of its... Read More »
1h ago from F1Technical.net
