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
Rain delays start of MotoGP Brazilian GP practice
No description available...
1h ago from Motorsport.com
Why prisoners are helping cleanup work at Goiania...
No description available...
1h ago from Motorsport.com
MotoGP riders wary of ‘super dirty’ Goiania track...
No description available...
4h ago from Motorsport.com
2026 MotoGP Brazilian Grand Prix – How to watch,...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
2d ago from Motorsport.com
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
3d ago from MotorsportWeek.c...
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
2d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
6d ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
3d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Journalist provides insight into 'better mood' inside...
Arsenal are reportedly calm and in a positive mood ahead of this weekend's...
57m ago from CaughtOffside.com
Pep Guardiola highlights what gives Arsenal...
Manchester City manager Pep Guardiola believes Arsenal have an advantage...
1h ago from SportsKeeda.com
Mikel Arteta drops intriguing team selection hint for...
Arsenal manager Mikel Arteta has not confirmed one way or another if it...
27m ago from CaughtOffside.com
Brave or stupid? Guardiola confirms this Man City star...
Manchester City manager Pep Guardiola has confirmed the surprise decision...
1h ago from CaughtOffside.com
Comments
Hottest News
Wheatley leaves Audi in shock move amid Aston Martin...
Audi boss Jonathan Wheatley has left the German... Read More »
27m ago from SkySports.com
Max Verstappen goes into the Green Hell: Nurburgring track...
Four-time F1 world champion Max Verstappen is... Read More »
1h ago from GPFans.com
Luca di Montezemolo: says when I see a Formula 1 driver...
In a long-ranging interview with Corriere della... Read More »
8h ago from GrandPrix247.com
