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
BMW admits 2027 MotoGP entry ‘not viable’ as it...
BMW has admitted it is “not viable” for the German manufacturer to...
21h ago from MotorsportWeek.c...
Why the next contract matters more to Fabio Quartararo...
No description available...
1d ago from Motorsport.com
Honda in conundrum over Somkiat Chantra stand-in for...
No description available...
2d ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
5d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Winners and losers from IndyCar’s Portland 2025...
No description available...
16h ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
17h ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
1d ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
6d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Real Madrid Transfer News Roundup: Manchester City...
Real Madrid travel to the Tivoli Stadion Tirol on Tuesday, August 12, to...
2h ago from SportsKeeda.com
Arsecast Extra Episode 653 – 11.08.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
18h ago from Arseblog.com
Terms agreed: Arsenal close in on marquee signing...
Arsenal manager Mikel Arteta plans to continue his transfer business with...
22h ago from CaughtOffside.com
“I’d agree” - Alan Shearer and Gary Lineker say...
Alan Shearer and Gary Lineker believe that Viktor Gyokeres' arrival might...
20h ago from SportsKeeda.com
Comments
Hottest News
Max Verstappen decision defended as 'clickbait' Mercedes...
Max Verstappen is going nowhere for 2026, with... Read More »
42m ago from RacingNews365.com
F1 News Today: Lewis Hamilton caught out as Max Verstappen...
A Red Bull F1 insider has opened up on his... Read More »
1h ago from GPFans.com
Oscar Piastri highlights crucial F1 title demand as Lando...
Oscar Piastri currently holds the lead of the F1... Read More »
1h ago from RacingNews365.com
