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 »
10mo 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...
10mo ago from SpeedCafe.com

New Caterham owners restructure team

Getty Images Enlarge The Caterham F1 team has undergone the first steps...
10mo 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...
10mo ago from GrandPrix.com

Elsewhere On The Network

Popular On MotoGPToday.com

No room for mistakes - Rossi

Valentino Rossi knows that he can't afford any slip ups if he is to get...
2h ago from SuperSport.com

Smith Expecting Mugello to Suit Yamaha

Bradley Smith is confident of continuing his strong start to 2015 at...

Espargaro cleared to race

Suzuki rider Aleix Espargaro has been given the green light to...
2h ago from SuperSport.com

No ‘setup mistakes’ at Mugello MotoGP - Rossi

Movistar Yamaha’s Valentino Rossi says there must be no setup mistakes...
22h ago from BikeSportNews.com

Popular On IndyCarToday.com

IndyCar hands down Indianapolis 500 penalties

James Davison’s Dale Coyne Racing squad was handed a $10,000 fine as...
8h ago from SpeedCafe.com

IndyCar: Safety improvements developing after...

Page 1 of 2 The Verizon IndyCar Series and chassis manufacturer Dallara...
14h ago from Racer.com

IndyCar: Hinchcliffe released from hospital,...

Verizon IndyCar Series driver James Hinchcliffe was released from IU...
17h ago from Racer.com

Indy 500 post-event infractions, manufacturer points...

IndyCar announced the following post-event infractions from the...
11h ago from Racer.com

Popular On TotalWRC.com

Portugal driver report: Part 1

Jari-Matti Latvala (VW Polo R)Victory in Portugal came at just the right...
16h ago from WRC.com

Matton: Meeke no longer has to prove himself

After last month’s breakthrough success in Argentina, Meeke was again...
21h ago from WRC.com

Evans brothers settle Canberra dispute

Australian Rally Championship front-runners Simon and Eli Evans have...
1d ago from Motorsport.com

WRC Competitor Denied Medical Intervention After...

The Fnckmatié World Rally Team has claimed that their driver Lorenzo...

Popular On GunnersToday.com

Arsenal set to receive £5.7m bid for first-choice...

Athletic Bilbao are preparing a £5.7million bid in order to sign Arsenal...

Transfer blow as Man United and Chelsea target set for...

Manchester United and Chelsea are close to losing out on Paulo Dybala...

Four potential Arsenal midfield pairings for the...

Arsene Wenger has experimented with a number of different midfield...
3h ago from AllArsenal.com

Wenger Insists Walcott Gets No Special Exceptions...

Arsenal manager Arsene Wenger has declared that Theo Walcott gets no...
3h ago from Nastytackle.com

Comments

comments powered by Disqus

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.