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
Ducati still favourite after MotoGP Sepang test, but...
No description available...
5h ago from Motorsport.com
What happened at MotoGP’s official season launch in...
No description available...
1d ago from Motorsport.com
Yamaha: ’2026 MotoGP bike not performing badly but...
No description available...
1d ago from Motorsport.com
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
McLaren eyes Fernando Alonso reunion to complete...
Zak Brown has said he will "continue to bug" Fernando Alonso to...
22h ago from MotorsportWeek.c...
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
3d ago from MotorsportWeek.c...
Zak Brown “would love” Indy 500 reunion with...
No description available...
3d ago from Motorsport.com
Arrow McLaren officially opens doors to new home in...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
3d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
5d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Sunderland boss Regis Le Bris makes Arsenal PL...
Sunderland boss Regis Le Bris has tipped Arsenal to win the Premier League...
5h ago from SportsKeeda.com
Arsenal, Man United and Spurs battle for 55m-rated...
AC Milan are looking to restructure their squad at the end of the season,...
7h ago from CaughtOffside.com
10 Goals, 9 Assists: Arsenal eye Barcelona target in...
Arsenal are reportedly interested in signing the Belgian attacker Mika...
8h ago from CaughtOffside.com
Arsenal 3-0 Sunderland: Gyokeres makes a big impact...
Match report – Player ratings – Arteta reaction – Video...
8h ago from Arseblog.com
Comments
Hottest News
Montoya makes shock claim on true speed of Mercedes 2026 car
Formula 1 is entering a new era, and if former... Read More »
1h ago from F1i.com
Former F1 star to compete in 2026 Winter Olympics
A former racing driver with the Sauber F1 team... Read More »
4h ago from GPFans.com
McLaren sure of ‘exploiting' key area to claim 2026...
McLaren boss Andrea Stella has revealed a key... Read More »
1h ago from MotorsportWeek.com
