News Details
Majority of Caterham staff made redundant
The Caterham F1 Team might be enjoying good news at the moment following an announcement that they will be back on the grid for the Abu Dhabi Grand Prix next weekend, but for the majority of their workforce, it's a different feeling altogether. Almost 85 per cent of the team is employed by a company called 1MRT (1 Malaysia Racing Team) which is owned by Tony Fernandes. The remaining 15 per cent are employed by Caterham - the part currently under the control of administrators Smith & Williamson led by Finbarr O'Connell. Whilst the 15 per cent remain safe for now, following Friday's announcement, as they're needed to operate the cars in Abu Dhabi, the majority of employees - those at 1MRT -...
Full Story »
Full Story »
11y ago from TheF1Times.com
0
You May Also Be Interested In...
Caterham set for Abu Dhabi return
LONDON, Nov 14, 2014 (AFP) - The struggling Caterham team are set to...
11y ago from F1Plus.com
End of the Formula 1 dream for Marussia
Sad times for Marussia
The British-based Marussia Formula 1 team reached...
11y ago from GrandPrix247.com
End of Formula 1 dream for Marussia
xt">Sad times for Marussia
The British-based Marussia Formula...
11y ago from GrandPrix247.com
Caterham crowdfunding project hits half-way mark
The Caterham F1 Team's crowdfunding project, which was launched last week,...
11y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia just trying to "survive"...
No description available...
2h ago from Motorsport.com
Jorge Martin reveals how Marco Bezzecchi pushed him...
Jorge Martin admits that Aprilia team-mate Marco Bezzecchi is pushing him...
4h ago from MotorsportWeek.c...
Francesco Bagnaia: MotoGP should hold a test before...
Francesco Bagnaia has called on MotoGP to hold a test before racing at a...
6h ago from MotorsportWeek.c...
Marco Bezzecchi ‘won’t consider himself title...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
1h ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
1d ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1d ago from Motorsport.com
Christian Lundgaard left frustrated by costly pit stop...
Christian Lundgaard finished second in Sunday’s IndyCar race from...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
2d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
5d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
5d ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Liverpool in contact with reps of 40-G/A star as...
Real Madrid playmaker Arda Guler continues to be linked with a move away...
3h ago from CaughtOffside.com
Arsenal keen on signing teenage Bundesliga striker to...
Arsenal are allegedly interested in signing Bayer Leverkusen star...
4h ago from SportsKeeda.com
Arsenal latest: Tuchel says 'honest' duo Rice and Saka...
No description available...
5h ago from SkySports.com
'I'm thinking about…' – Man United,...
Nottingham Forest central midfielder Elliot Anderson insists he's only...
12h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton and Ferrari to receive power unit 'boost' in...
Lewis Hamilton and the rest of the Ferrari gang... Read More »
1h ago from GPFans.com
Audi hint at major signing after shock F1 departure
Audi confirmed earlier this month that Jonathan... Read More »
1h ago from RacingNews365.com
Vowles calls Suzuka ‘painful’ – draws ‘line in the...
The mood around Williams Racing has taken a... Read More »
3h ago from F1i.com
