News Details
Ferrari explain ‘soft landing' from budget cap
Ferrari have provided details of the ‘soft landing’ Formula 1 teams can offer to staff affected by the budget cap being introduced into the sport next year. With the larger constructors having to reduce costs to a maximum of $145million in 2021, some employees are having to be retrenched to other areas of the respective companies. But scope has been given to the ‘big three’ – Mercedes, Ferrari and Red Bull – to redeploy staff over a six-month period from January, thus creating what has been described as a ‘soft landing’. Ferrari team principal Mattia Binotto considers this to be particularly pertinent at a time when the global health pandemic has created financial...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Teams warned on 'stockpiling'
With the budget cap due to be introduced next year, and teams likely to...
5y ago from Pitpass.com
Brown: The FIA are on top of what you can and can't do
Formula 1 teams have been warned by the governing FIA not to subvert a...
5y ago from GrandPrix247.com
F1 teams warned against exploiting loophole
F1 teams have been warned against ‘stockpiling' loophole The FIA...
5y ago from SpeedCafe.com
Bottas likes the "bit of pain" provided by...
Valtteri Bottas has conceded to liking the "bit of pain"...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Construction moving forward at Buenos Aires for...
No description available...
11h ago from Motorsport.com
Ducati playing “catch-up” to Aprilia but insists...
No description available...
17h ago from Motorsport.com
Massimo Rivola: Aprilia has become the ‘benchmark’...
Massimo Rivola has admitted that Aprilia has become the current reference...
18h ago from MotorsportWeek.c...
Why Gresini has flirted with leaving Ducati in MotoGP
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
4d ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
5d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Storm damage forces changes to WRC Rally Islas...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
4d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
1w ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Sporting vs Arsenal Prediction and Betting Tips |...
Sporting will entertain Arsenal at the Estádio José Alvalade in the...
9h ago from SportsKeeda.com
'You just cannot put your hands on a referee' - Former...
Former PL referee Mark Halsey has criticized Arsenal star Gabriel...
8h ago from SportsKeeda.com
Former Arsenal star explains what needs to happen for...
Former Arsenal star Tony Cascerino has weighed in on what should happen...
8h ago from SportsKeeda.com
Arteta’s ChatGPT Guardiola-ism is down but history...
quadruple dream may be dead but Arsenal are now just four games from...
9h ago from TheGuardian.com
Comments
Hottest News
Mercedes in trouble, Newey stunner and Leclerc...
A double FIA ruling could prevent Mercedes'... Read More »
6h ago from GPFans.com
Charles Leclerc 'hires private team' for Ferrari F1...
Ferrari F1 star Charles Leclerc has reportedly... Read More »
9h ago from GPFans.com
Lewis Hamilton Ferrari contract questioned as Max...
Check out the biggest stories of the day with the... Read More »
7h ago from RacingNews365.com
