News Details

‘Painful’ McLaren redundancies aimed at fitting team to F1’s new future

The staff reductions announced earlier this week by McLaren are necessary to ensure the team is in the best shape to achieve success under Formula 1’s new regulations, according to team principal Andreas Seidl. After teams agreed to a lower budget cap of $145 million in 2021 — dropping to $135m by 2023 — as well as aerodynamic testing restrictions to help make the sport more sustainable, McLaren confirmed it envisaged making around 70 redundancies in its F1 team even before the FIA World Motor Sport Council rubber-stamped the new rules. Those layoffs come as part of much wider cutbacks of the McLaren Group as some 1200 jobs will be lost, but Seidl says the F1 changes are...
Full Story »
3mo ago from Racer.com 0
Share

You May Also Be Interested In...

Massa predicting success for Sainz at Ferrari

Former Ferrari driver Felipe Massa believes Carlos Sainz has the ability...
4mo ago from F1i.com

Boris Johnson poised to intervene to ensure British GP...

The 2020 British Grand Prix appears to be back on amid reports British...
3mo ago from Crash.net

F1 to unveil huge cost-cutting package, including...

Formula 1 teams have reportedly signed off on a huge package of...
4mo ago from MotorsportWeek.com

McLaren braced for painful restructuring amid cost cap

McLaren has backed the changes made to Formula 1’s Financial...
3mo ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

Espargaro: Misano MotoGP podium worth more than KTM...

Pol Espargaro says his podium in the MotoGP Emilia Romagna Grand Prix is...
2h ago from AutoSport.com

Oliveira applauds “great result” from...

Tech 3’s Miguel Oliveira says he is “really happy” to finish fifth...
36m ago from MotorsportWeek.c...

Popular On IndyCarToday.com

McLaughlin details ‘whirlwind’ IndyCar race week...

Scott McLaughlin has detailed what the week leading up to his IndyCar...
1d ago from SpeedCafe.com

Team Penske reveals McLaughlin livery for IndyCar debut

Team Penske has revealed the livery with which Scott McLaughlin will run...
4d ago from SpeedCafe.com

Popular On TotalWRC.com

2020 Rally Turkey: Evans Takes Second Win of Season...

Elfyn Evans now has a 18 points advantage over Sebastien Ogier after he...

Evans takes points lead after Rally Turkey victory

Elfyn Evans won a mad Rally Turkey on Sunday afternoon to reclaim the...

Popular On GunnersToday.com

Lionel Messi was ‘tempted’ to join Arsenal from...

Lionel Messi came close to joining Arsenal from Barcelona in 2003. Former...
46m ago from DailyStar.co.uk

Lucas Torreira could join Atletico Madrid so Arsenal...

Lucas Torreira could play a key role in Thomas Partey’s transfer to...
2h ago from DailyStar.co.uk

Return of fans delayed due to Covid-19 spike

Arsenal announced plans last month to bring fans back to the Emirates...
1h ago from News.ArseBlog.com

FA Women’s Conti Cup fixtures confirmed

The group stage fixtures for this season’s FA Women’s Continental...
1h ago from Arsenal.com

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.