News Details

Sauber late with February staff payments

– Sauber staff have not been paid in full for the month of February as a result of cashflow problems.Sauber has struggled financially in recent seasons and, less than two weeks before the 2016 campaign gets under way with the Australian Grand Prix, the outfit has admitted that it is behind with salary payments.Staff have been given a portion of their salaries for February, until the situation is resolved."Part of the February salaries are still due," a team spokesperson confirmed to GPUpdate.net.Sauber was one of two teams, alongside Force India, to lodge an EU complaint towards the end of last year, claiming that there is an "unfair" and "unlawful"...
Full Story »
9y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Sauber hasn't paid salaries to over 300 staff workers

Midfield runner, Sauber F1 by the looks of it have gone ‘into debt'...
9y ago from F1Hub.net

Sauber admits delay to portion of staff wages

Sauber CEO Monisha Kaltenborn had admitted a 'technical problems' with...
9y ago from Crash.net

Kaltenborn: Part of the February salaries are still due

Sauber is entering yet another Formula 1 season under a financial cloud,...
9y ago from GrandPrix247.com

Feature: Ericsson looks to build with Sauber

Sauber F1 Team Marcus Ericsson is sat in his full race suit, his...
9y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar will not return to Thermal Club in 2026...

According to comments made by Thermal Club founder and owner Tim Rogers,...

Malukas’ recovery drive secures Foyt’s best team...

During Sunday’s IndyCar race at Road America, David Malukas was the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal receive major boost in efforts to pip...

Arsenal are in the market for a new left winger, and one of their leading...
38m ago from CaughtOffside.com

Arsenal could face battle with Spurs to sign £67.5m...

t;li>Arsenal officials met Eze’s agents to discuss termsCrystal...
38m ago from TheGuardian.com

Arsenal still keen on Premier League striker –...

Arsenal are still searching to sign a new striker, with moves for their...
1h ago from CaughtOffside.com

'Contacts are taking place' – Fabrizio Romano...

Fabrizio Romano has reported on the Eberechi Eze to Arsenal transfer...
4h ago from CaughtOffside.com

Comments

Hottest News

Alpine agree mid-season driver swap for British Grand Prix

Alpine have agreed to a mid-season F1 swap for... Read More »
38m ago from GPFans.com

F1i Driver Ratings for the 2025 Austrian GP

The 2025 Austrian Grand Prix pretty much had it... Read More »
2h ago from F1i.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.