Saturday, 06 June, 2020


Sainz, Norris take pay cuts as McLaren furloughs staff

McLaren said the temporary three-month wage reduction was part of wider cost-cutting measures Coronavirus: McLaren announces pay cuts for F1 drivers and management
Noah Ferguson | 04 April, 2020, 00:58

A spokesperson for McLaren said, as quoted by Motorsport.com: "The McLaren Group is temporarily furloughing a number of employees as part of wider cost-cutting measures due to the impact of the COVID-19 pandemic on its business".

Carlos Sainz (25) and Lando Norris (20) as the first formula-1 pilots in the course of the corona of a crisis on a voluntary basis parts of your content. This decision is going to affect the several divisions of the company including McLaren Automotive, McLaren Applied Technologies, and McLaren Racing. McLaren still has 100 to 150 employees working on the Project Pitlane initiative to build ventilators to help fight the illness. In addition to the formula 1 team McLaren also manufactures sports vehicle.

Get the latest sports news updates.

The British team is now in the mandated three-week shutdown of its factories - that is usually a two-week spell reserved for August's summer break, but has been moved forward due to the unprecedented coronavirus pandemic that has indefinitely delayed the start of the F1 season.

Britain has ordered 10,000 of the breathing machines.

In parallel with those being furloughed, all staff from a senior level - including senior management and CEO Zak Brown - are taking pay cuts. A team spokesman revealed Norris and Sainz were adamant they too wanted to sacrifice for the greater good.

Non-essential businesses are shuttered in Britain because of the virus and the authorities have asked everyone to stay at home.

Many derive much of their budget from the sport's revenue, prize money and sponsorship and as a result, are hurting with the first eight grands prix either cancelled or postponed.

McLaren, whose Formula One team are the second most successful after Ferrari in terms of races and championships won, is majority owned by Bahrain's sovereign wealth fund Mumtalakat.

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