News Details
McLaren going through "a very painful time" ahead of F1 restart
McLaren Formula 1 team principal Andreas Seidl has revealed the organisation is going through "a very painful time" after recently announcing heavy job losses. The McLaren Group confirmed late in May that due to the impact of the Covid-19 crisis it would be forced to make redundant 1,200 of its 4,000-strong workforce across the company's three divisions - Racing, Automotive and Applied. Article continues under video Seidl has confirmed that 70 of those job losses will be on the race team, and that will naturally have an impact going forward. McLaren had been seeking a budget cap of around $100million in order to help preserve jobs, but with the figure set for $145m for next year,...
Full Story »
Full Story »
5y ago from GPFans.com
0
You May Also Be Interested In...
Wolff admits he could change job title
Jun.5 Toto Wolff has admitted he may soon have a different job title....
5y ago from OneStopStrategy.com
Formula 1 Answers Questions About Season Restart,...
With Formula 1 releasing the provisional schedule to return to racing,...
5y ago from TheCheckeredFlag....
Hamilton: Floyd death has brought back painful...
Six-time Formula One champion Lewis Hamilton says the ongoing protests...
5y ago from espnF1.com
'Bullied and beaten' Hamilton driven by 'painful...
Six-time Formula 1 champion Lewis Hamilton has revealed the inner fire...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez aims to ‘mentally defeat’ rivals, not...
No description available...
8h ago from Motorsport.com
Liberty Media can’t follow its F1 play to boost...
No description available...
1d ago from Motorsport.com
Johann Zarco spends MotoGP summer break winning Suzuka...
No description available...
1d ago from Motorsport.com
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
How Palou can clinch his fourth IndyCar championship...
Alex Palou is the man of the moment in IndyCar, and currently holds a 121...
2h ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
5d ago from Motorsport.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
6d ago from MotorsportWeek.c...
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
9h ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
1d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
2d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal handed double injury boost ahead of Premier...
Arsenal have been handed a double injury boost as they gear up for their...
3h ago from SportsKeeda.com
Report: Arsenal have second bid rejected for forward,...
Arsenal are continuing their search for a new striker to add to the club...
14m ago from FreshArsenal.com
Liverpool interested in signing 20-year-old star...
Liverpool have been linked with a potential move for Arsenal target Jeremy...
5h ago from SportsKeeda.com
Report: Arsenal working to complete £20m deal with...
Arsenal have already made six summer signings and they could be set to...
5h ago from FreshArsenal.com
Comments
Hottest News
Charles Leclerc disqualification verdict issued by FIA...
The FIA have revealed that Charles Leclerc's... Read More »
1h ago from GPFans.com
Axed F1 boss 'set to BUY' grand prix team
A former F1 team boss is getting ready to buy a... Read More »
8h ago from GPFans.com
The AUDACIOUS move that could see Lewis Hamilton become...
Between Lewis Hamilton’s Ferrari crunch... Read More »
7h ago from GPFans.com
