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

PREMA confirmed to miss opening IndyCar round

PREMA will not be present for this weekend’s season-opening round of...
16h ago from MotorsportWeek.c...

Ticket design for 110th Indianapolis 500 unveiled

The ticket design for this upcoming May’s 110th running of the...
17h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Looking at the books

Morning. Thanks to Andrew A for filling in yesterday, for the 83rd time...
40m ago from Arseblog.com

Sources: Arsenal and Chelsea targeting move for...

At just 18 years old, Honest Ahanor has emerged as one of the most...
1h ago from CaughtOffside.com

Liverpool, Arsenal, Man Utd scouts busy as 18-year-old...

Liverpool, Arsenal and Manchester United are interested in signing the...
12h ago from CaughtOffside.com

Arsenal could renew interest in 250k-a-week 'machine',...

Leon Goretzka continues to be linked with a move away from Bayern Munich...
15h ago from CaughtOffside.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.