News Details

Caterham axes 40 employees in team restructure

Caterham has laid off more than 40 members of staff in a bid to reduce costs and increase efficiency as it looks to regain some ground in the 2014 championship. The Leafield team was recently bought out by unnamed Swiss and Middle Eastern investors after previous owner Tony Fernandes cut its funding, putting it at risk of collapsing. The team already has one of the smallest work forces along with Marussia, but it believes it can be more streamlined in the way it works and says it's "a necessary step taken by the new owners whose priority is the future of the team." In the restructure, team manager Graham Watson, head of track operations Gerry Hughes and deputy technical director...
Full Story »
11y ago from TheF1Times.com 0
Share

You May Also Be Interested In...

Caterham sheds staff amid restructure

The Caterham F1 team has undergone a shake-up with Christijan Albers...
11y ago from SpeedCafe.com

New Caterham owners restructure team

Getty Images Enlarge The Caterham F1 team has undergone the first steps...
11y ago from espnF1.com

New Caterham chiefs to axe ugly 2014 nose

The distinctive nose at the front of Caterham's 2014 car could be the...
11y ago from GrandPrix.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Alex Palou responds to McLaren court ruling

Alex Palou has been ordered to pay McLaren Racing over $12 million...

McLaren wins contract breach suit against Alex Palou

McLaren has prevailed in its lawsuit against star IndyCar driver Alex...

Popular On TotalWRC.com

Oliver Solberg crowned the youngest ever Rallye Monte...

Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...
21h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Saudi Arabian billionaire previously linked with...

Saudi government official and chairman of the General Entertainment...
43m ago from SportsKeeda.com

“It’s the first time” - Arsene Wenger says 2...

Arsene Wenger has said that Arsenal defenders Gabriel Magalhaes and...
1h ago from SportsKeeda.com

“Someone like that at Arsenal would be game over”...

Former Leicester city striker Gary Linekar has said that Arsenal's premier...
1h ago from SportsKeeda.com

Odion Ighalo responds to Patrick Dorgu using his quote...

Former Manchester United striker Odion Ighalo has responded after Patrick...
2h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.