News Details
‘Painful’ McLaren redundancies aimed at fitting team to F1’s new future
The staff reductions announced earlier this week by McLaren are necessary to ensure the team is in the best shape to achieve success under Formula 1’s new regulations, according to team principal Andreas Seidl. After teams agreed to a lower budget cap of $145 million in 2021 — dropping to $135m by 2023 — as well as aerodynamic testing restrictions to help make the sport more sustainable, McLaren confirmed it envisaged making around 70 redundancies in its F1 team even before the FIA World Motor Sport Council rubber-stamped the new rules. Those layoffs come as part of much wider cutbacks of the McLaren Group as some 1200 jobs will be lost, but Seidl says the F1 changes are...
Full Story »
Full Story »
You May Also Be Interested In...
Massa predicting success for Sainz at Ferrari
Former Ferrari driver Felipe Massa believes Carlos Sainz has the ability...
5y ago from F1i.com
Boris Johnson poised to intervene to ensure British GP...
The 2020 British Grand Prix appears to be back on amid reports British...
5y ago from Crash.net
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
McLaren braced for painful restructuring amid cost cap
McLaren
has backed the changes made to Formula 1’s Financial...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Davide Tardozzi dismisses “absurd” rumours about...
No description available...
12h ago from Motorsport.com
Carlos Ezpeleta: “We don’t have enough space”...
No description available...
16h ago from Motorsport.com
Jorge Martin: ‘I could have fought Marc Marquez till...
No description available...
1d ago from Motorsport.com
Marc Marquez set to return on a motorcycle after long...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
2d ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
3d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
2d ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
2d ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
William Saliba looks lucky not to have conceded a...
Arsenal centre-back William Saliba was perhaps a bit lucky not to have...
2d ago from CaughtOffside.com
Everton v Arsenal – live blog
Join us for live blog coverage of our Premier League game away to Everton,...
2d ago from Arseblog.com
Mikel Arteta insists he won't 'lie' to Arsenal players...
Arsenal manager Mikel Arteta has admitted he can't 'lie' to his players...
2d ago from CaughtOffside.com
Glasner hopes to gee up jaded Palace as he eyes...
sday’s quarter-final will be the Eagles’ 29th game of the season and...
13h ago from TheGuardian.com
Comments
Hottest News
Red Bull reveals the real reason behind Christian Horner...
Red Bull CEO Oliver Mintzlaff has confirmed the... Read More »
12h ago from MotorsportWeek.com
'Don't come back!' Lewis Hamilton angers Denver Broncos...
Ferrari F1 star Lewis Hamilton has clearly upset... Read More »
6h ago from GPFans.com
You'll never guess the gift F1 star Charles Leclerc...
What does F1's Charles Leclerc want for... Read More »
5h ago from GPFans.com
