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Renault furloughs majorty of staff, Group CEO takes pay cut

Renault has confirmed that the ‘vast majority’ of its Formula 1 personnel at Enstone have been furloughed as a consequence of the coronavirus pandemic. Renault splits its operations across Enstone, in the United Kingdom, and Viry-Chatillon, in France. Both factories are currently observing shutdown periods in line with the guidelines set out by the FIA in response to the pandemic. On Friday Renault confirmed that the bulk of its staff at Enstone have been furloughed until at least the end of May. Under the UK Government’s Job Retention Scheme the state is liable for 80 per cent of staff salaries, up to £2,500 per month; Renault has confirmed that it will top up any shortfalls to...
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