News Details
McLaren axes 1200 jobs in company restructure
McLaren will lay-off 1200 of its staff across its automotive, technological and racing divisions, the company announced on Tuesday. Following from reports two weeks ago that the company was attempting to raise funds amidst financial difficulties due to the COVID-19 pandemic, the company has now combined those measures with extensive cost-cuts. Per a report from motorsport.com, only 70 of the 1200 staffers cut are from McLaren's Formula 1 division. 'It is a course of action we have worked hard to avoid, having already undertaken dramatic cost-saving measures across all areas of the business,' said Paul Walsh, executive chairman of the McLaren Group. 'But we now have no other choice but to...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
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
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
5y ago from GrandPrix247.com
McLaren to make 1200 staff redundant
A total of 1200 employees across the McLaren organisation are to be made...
5y ago from PlanetF1.com
F1 to unveil huge cost-cutting package, including...
Formula 1 teams have reportedly signed off on a huge package of...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez to miss at least two races after French...
No description available...
1h ago from Motorsport.com
Marc Marquez to undergo surgery following Le Mans...
Marc Marquez has revealed he will undergo surgery on both his shoulder...
53m ago from MotorsportWeek.c...
MotoGP French GP: Jorge Martin wins sprint after...
No description available...
2h ago from Motorsport.com
Instinct and faith, the keys to Jorge Martin's...
No description available...
33m ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Indianapolis road course – Qualifying Results
After being delayed due to weather on Friday, IndyCar completed a full...
23m ago from MotorsportWeek.c...
Alex Palou storms to IndyCar pole at IMS
Late Saturday morning, the 25 drivers of the NTT IndyCar Series took to...
23m ago from MotorsportWeek.c...
Alex ‘perfect’ Palou claims Indy road course pole...
No description available...
13m ago from Motorsport.com
Enzo Fittipaldi snags first Indy NXT win in Race 1 of...
No description available...
19h ago from Motorsport.com
Popular On TotalWRC.com
WRC Portugal: Oliver Solberg stunningly jumps to first...
No description available...
5h ago from Motorsport.com
WRC Portugal: Organisers investigate major stage...
No description available...
20h ago from Motorsport.com
WRC Portugal: Adrien Fourmaux off gives Sebastien...
No description available...
23h ago from Motorsport.com
Dani Sordo questions “stupid” WRC tyre rules amid...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Rodri injury 'more serious' than expected – big...
The Rodri injury reportedly seems worse than Manchester City initially...
33m ago from CaughtOffside.com
Merse: Can't see anything apart from Arsenal winning...
Paul Merson thinks Arsenal winning the league is done deal after...
3h ago from SkySports.com
Update on PSG trio's fitness and chances of returning...
Paris Saint-Germain reportedly expect to have Achraf Hakimi, Lucas...
6h ago from CaughtOffside.com
Arsenal could try signing unsettled Kylian Mbappe if...
Arsenal have been tipped to change the course of their history if they win...
7h ago from CaughtOffside.com
Comments
Hottest News
Serena Williams speaks about special Lewis Hamilton...
Former tennis superstar Serena Williams has taken... Read More »
43m ago from GPFans.com
Gary Anderson explains why "2026 Formula 1 package...
Formula 1 veteran engineer Gary Anderson has... Read More »
33m ago from GrandPrix247.com
F1 'weighing up options' over QUADRUPLE header
F1 are considering adding two more races to the... Read More »
1h ago from GPFans.com
