News Details
McLaren axes 1200 jobs in company restructure
McLaren will lay-off 1200 of its staff across its automotive, technological and racing divisions, the company announced on Tuesday. Following from reports two weeks ago that the company was attempting to raise funds amidst financial difficulties due to the COVID-19 pandemic, the company has now combined those measures with extensive cost-cuts. Per a report from motorsport.com, only 70 of the 1200 staffers cut are from McLaren's Formula 1 division. 'It is a course of action we have worked hard to avoid, having already undertaken dramatic cost-saving measures across all areas of the business,' said Paul Walsh, executive chairman of the McLaren Group. 'But we now have no other choice but to...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
McLaren Group to lay off 1200 staff, including F1 team...
McLaren have confirmed that they intend to lay off 1200 members of staff,...
5y ago from FormulaSpy.com
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
5y ago from GrandPrix247.com
McLaren to make 1200 staff redundant
A total of 1200 employees across the McLaren organisation are to be made...
5y ago from PlanetF1.com
F1 to unveil huge cost-cutting package, including...
Formula 1 teams have reportedly signed off on a huge package of...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Liberty Media given “unconditional” green light...
No description available...
15h ago from Motorsport.com
EU approves Liberty Media's purchase of MotoGP and...
Liberty Media has received unconditional approval from the European...
16h ago from MotorsportWeek.c...
Fabio Di Giannantonio ecstatic with ‘dream' and...
Fabio Di Giannantonio secured his second Grand Prix podium of the 2025...
17h ago from MotorsportWeek.c...
The winners and losers from MotoGP's Italian Grand Prix
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
10h ago from Motorsport.com
Winners and Losers from IndyCar’s Road America...
No description available...
1d ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
1d ago from MotorsportWeek.c...
Santino Ferrucci hangs on for Road America podium,...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
5d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Liverpool make enquiry for 'complete...
Arsenal and Liverpool are looking to improve their attacking unit with the...
43m ago from CaughtOffside.com
Real Madrid Transfer News Roundup: Los Blancos want...
Real Madrid are preparing to face RB Salzburg at the Lincoln Financial...
3h ago from SportsKeeda.com
'Will make things even more difficult' - William...
Former player William Gallas has warned Arsenal that they will struggle in...
6h ago from SportsKeeda.com
Report: Agent in London in ‘last few hours' to...
Arsenal are making a fresh push to win the race for a highly-rated...
10h ago from FreshArsenal.com
Comments
Hottest News
Alonso: The F1 paddock knows who the five best drivers are
No description available... Read More »
33m ago from GrandPrix247.com
F1 News Today: Lewis Hamilton stunned by surprise as...
F1 legend Lewis Hamilton was at the centre of a... Read More »
1h ago from GPFans.com
Formula One: The Champions by Maurice Hamilton and Cahier...
No description available... Read More »
33m ago from GrandPrix247.com
