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 »
1y 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...
1y ago from SpeedCafe.com

New Caterham owners restructure team

Getty Images Enlarge The Caterham F1 team has undergone the first steps...
1y 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...
1y ago from GrandPrix.com

Elsewhere On The Network

Popular On MGPToday.com

Rossi upbeat after strong showing on Friday

Valentino Rossi is optimistic about his chances of having a successful...
4h ago from SuperSport.com

MotoGP Assen: Lorenzo to try a ‘completely...

Movistar Yamaha’s Jorge Lorenzo wants to ‘try something different’...
8h ago from BikeSportNews.com

MotoGP Assen: Iannone edges Rossi in second practice...

Movistar Yamaha’s Valentino Rossi missed out on finishing at the top of...
14h ago from BikeSportNews.com

Popular On IndyCarToday.com

VIDEO: Robin Miller with Josef Newgarden

Ed Carpenter Racing's Josef Newgarden speaks with The RACER Channel's...
6h ago from Racer.com

INDYCAR: Rahal fastest in second practice

Just like he was in the open test a couple weeks ago, Graham Rahal...
5h ago from Racer.com

Rahal tops second practice at Road America

He missed most of first practice at Road America with an electrical issue...
5h ago from Motorsport.com

INDYCAR: Texas race specifics confirmed

The Firestone 600 at Texas Motor Speedway, which was rescheduled for Aug....
9h ago from Racer.com

Popular On TotalWRC.com

Craig Breen and Stéphane Lefebvre to represent Abu...

Winners of Rally de Portugal with Kris Meeke and Paul Nagle, the Abu Dhabi...
8h ago from Motorsport.com

Ogier draws 'additional strength' from fatherhood

Will Tim make the champ even faster?
14h ago from WRC.com

Hyundai Motorsport targets podium at fast and furious...

Hyundai Motorsport is ready to challenge for another podium result in...
13h ago from Motorsport.com

Pryce pursues Polish prize

Welshman chases 2017 WRC 2 drive
12h ago from WRC.com

Popular On GunnersToday.com

Olympic involvement could disrupt Iwobi's season

Arsenal winger Alex Iwobi has been named in Nigeria's provisional squad...
4h ago from News.ArseBlog.com

Five classy Euro 2016 midfielders Arsenal must target...

Five classy Euro 2016 midfielders Arsenal must target this summer BEGIN...

Arsenal make contact over £7.7m deal for Brazilian...

In recent weeks, Arsenal have been linked with Switzerland international...
11h ago from ArsenalFever.com

Premier League transfer window club-by-club state of...

Premier League transfer window club-by-club state of play: Who has your...
14h ago from DailyMail.co.uk

Comments

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.