News Details
Williams furloughs staff, cuts driver salaries by 20%
Following the lead of McLaren, Williams have become the second team to officially furlough most of its staff, while also announcing a 20% reduction in the salaries of high-level personnel. Announcing the decision in a statement on Monday, the team cited the financial realities of the ongoing coronavirus pandemic as necessitating such a measure. The statement, in full, reads as follows: 'Due to the ongoing situation involving Covid-19, ROKiT Williams Racing is temporarily furloughing a number of employees as part of a wider range of cost-cutting measures. 'The furlough period will last until the end of May whilst senior management, and our drivers, have taken a pay cut of 20% effective from...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
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...
4y ago from MotorsportWeek.com
McLaren sends coronavirus staff on leave to reduce...
That the coronavirus has an impact on Formula 1 was of course just as...
4y ago from GPBlog.com
McLaren sends staff on leave to reduce costs during...
That the coronavirus has an impact on Formula 1 is obvious, but McLaren...
4y ago from GPBlog.com
Williams drivers join pay cut list, staff furloughed
Williams has joined McLaren in officially announcing pay cuts for senior...
4y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
How MotoGP brakes work: Secrets of stopping a 220mph...
No description available...
19h ago from Motorsport.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
19h ago from MotorsportWeek.c...
Quartararo: Marquez's Honda exit "woke a lot of...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
1d ago from Motorsport.com
Pourchaire to make IndyCar debut in Long Beach with...
Arrow McLaren has announced that the reigning Formula 2 champion Theo...
23h ago from MotorsportWeek.c...
IndyCar's new Aeroscreen makes early debut at Long...
The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...
2d ago from MotorsportWeek.c...
IndyCar rolling out new version of aeroscreen for Long...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Croatia: Neuville sets the pace to lead title...
No description available...
2h ago from Motorsport.com
Hyundai enacts contingency plan after WRC Kenya fuel...
No description available...
19h ago from Motorsport.com
WRC 2025 rules limbo creating “critical” situation...
No description available...
22h ago from Motorsport.com
Sebastian Ogier tops Croatia Rally shakedown
Sébastien Ogier announced his return to FIA World Rally Championship...
17h ago from MotorsportWeek.c...
Popular On GunnersToday.com
“They were frightened by Aston Villa” - Mark...
No description available...
1h ago from SportsKeeda.com
'Arteta’s Arsenal are in danger of becoming...
No description available...
2h ago from SportsKeeda.com
Wolverhampton Wanderers looking to prevent two Arsenal...
Wolverhampton Wanderers will be looking to prevent Arsenal from setting...
1h ago from SportsMole.co.uk
Arsenal ready to offer 45 million for 22-year-old...
Arsenal are interested in signing the Ecuadorian defender Willian Pacho at...
1h ago from CaughtOffside.com
Comments
Hottest News
F1 Sprint Qualifying Results: Chinese Grand Prix 2024 times...
George Russell saved himself from an ignominious... Read More »
5h ago from GPFans.com
How Wolff reacted to Norris' reinstated lap time which...
For a moment Mercedes and Lewis Hamilton thought... Read More »
2h ago from GPBlog.com
Ferrari aiming to 'survive with what we have' in Sprint
It wasn't the best of Fridays for Ferrari, with... Read More »
56m ago from F1i.com