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Caterham confirm job losses

Caterham have confirmed that they have "parted company with a number of employees" in the wake of the buyout of the team. Tony Fernandes concluded the sale of the Caterham F1 team to a consortium in the build-up to the British Grand Prix. According to reports, that sale resulted in the loss of 40 jobs, a number Caterham have refused to confirm. "The team has confirmed that it has parted company with a number of employees," the team said in a statement. "This is a necessary step taken by the new owners of Caterham F1 Team whose priority is the future of the team. No further comment will be made at this time." At the same time Caterham announced that Christijan...
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