McLaren Is First Formula 1 Team to Furlough Staff; Drivers, Top Management Take Pay Cut04/02/2020
McLaren is the first Formula 1 team to furlough most of its 850-member racing staff amid the coronavirus pandemic.
“These measures are focused on protecting jobs in the short term to ensure our employees return to full-time work as the economy recovers,” said the team in a press release.
McLaren added that F1 race drivers Carlos Sainz and Lando Norris, team boss Zak Brown and other top management have volunteered to take pay cuts while the furloughs are in place. The wage reductions are expected to be in place for at least three months, which is further evidence that Formula 1 will not likely be back up and racing until later this summer at the earliest.
According to Reuters, another 100-150 staff from throughout the McLaren organization who are helping to build ventilators in the fight against the COVID-19 pandemic are not affected.
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