Filed under: Earnings/Financials,Motorsports,McLaren
McLaren became the first Formula One team to furlough staff because of the coronavirus on Wednesday, with drivers Lando Norris and Carlos Sainz joining senior management in taking a pay cut. The sportscar maker said in a statement the temporary three-month wage reduction was part of wider cost-cutting measures due to the impact of the pandemic on its business. "These measures are focused on protecting jobs in the short-term to ensure our employees return to full-time work as the economy recove
Continue reading McLaren F1 team furloughs staff, and its drivers take a pay cut
McLaren F1 team furloughs staff, and its drivers take a pay cut originally appeared on Autoblog on Thu, 2 Apr 2020 08:41:00 EDT. Please see our terms for use of feeds.
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