News Details

Sainz and Norris take pay cut as McLaren curbs costs

Carlos Sainz and Lando Norris pic: McLaren Carlos Sainz Jr and Lando Norris have agreed to take a pay cut as McLaren looks to curb costs during the coronavirus pandemic. McLaren has confirmed a group of staff from its racing division have been furloughed. CEO Zak Brown and other senior management have taken pay cuts too. McLaren is the first team to publicly confirm they have had staff take temporary leave. “The McLaren Group is temporarily furloughing a number of employees as part of wider cost-cutting measures due to the impact of the COVID-19 pandemic on its business,” a McLaren spokesperson said. “These measures are focused on protecting jobs in the short-term to ensure our...
Full Story »
4mo ago from SpeedCafe.com 0
Share

You May Also Be Interested In...

Sainz, Norris take pay cuts as McLaren furloughs staff

McLaren Formula 1 drivers Carlos Sainz and Lando Norris have both agreed...
4mo ago from MotorsportWeek.com

Sainz and Norris take pay cut as McLaren puts staff on...

Carlos Sainz and Lando Norris will see their 2020 retainer reduced as...
4mo ago from F1i.com

McLaren drivers take pay cut as some staff handed...

McLaren drivers Lando Norris and Carlos Sainz are to take a pay cut as the...
4mo ago from BBC.co.uk

McLaren F1 drivers take pay cut, staff furloughed

McLaren has become the first Formula 1 team to place its staff on...
4mo ago from Crash.net

Elsewhere On The Network

Popular On MGPToday.com

Wayne Rainey Q&A: Why a short MotoGP season without...

The news that MotoGP champion Marc Marquez is set to miss several races...
14h ago from AutoSport.com

Lowes: Time to make podium a reality

After a pair of fourth places at Jerez, Sam Lowes has his sights set...
13h ago from Crash.net

New podium milestones for Rossi

Valentino Rossi's MotoGP rostrum return at the recent Andalucia Grand...
16h ago from Crash.net

Marquez out of Czech MotoGP with Bradl stepping in

Honda has confirmed Marc Marquez will miss this weekend's Czech Grand...
19h ago from AutoSport.com

Popular On IndyCarToday.com

'It killed us, but it was the right thing to do'...

Roger Penske said it was one of the toughest decisions he's ever had to...
2h ago from Racer.com

Final-hour negotiating to fill 33-car Indy 500 field

With the 104th running of the Indianapolis 500 set to go forward on...
8h ago from Racer.com

Indy 500 to run without spectators

The Indianapolis 500 will run without fans. The long-rumored possibility...
12h ago from Racer.com

Popular On TotalWRC.com

Rally Turkey agrees date change on 2020 WRC schedule

Rally Turkey will take place a week earlier than scheduled to facilitate...

Popular On GunnersToday.com

Arsenal transfer for Chelsea ace Willian accidentally...

Arsenal’s signing of Chelsea winger Willian appears to have been...
30m ago from Express.co.uk

Opinion: Chelsea and Arsenal target is destined for...

The Championship play off final may be one of the biggest boom or bust...
7h ago from CaughtOffside.com

Mesut Ozil failed Mikel Arteta training test...

Mesut Ozil was reportedly given the chance to force his way back into the...
8h ago from DailyStar.co.uk

Willian to Arsenal 'confirmed' as leaked PES 2021...

Willian’s proposed transfer to Arsenal appears to have been confirmed...
7h ago from DailyStar.co.uk

Comments

Hottest News

Auto, Motor und Sport: 'Raing Point is ratted out by former...

It's the week of truth for Racing Point. The team... Read More »
20h ago from GPBlog.com

Berger: Vettel should retire

Ferrari's Sebastian Vettel would be better served... Read More »
1h ago from GrandPrix247.com

Ferrari already lends FIA a helping hand in discussing...

Renault was not satisfied with the RP20 of Racing... Read More »
14h ago from GPBlog.com

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.