Red Bull were left with a smaller workforce than Mercedes after reportedly making redundancies due to the F1 cost cap when it was introduced. read more »
Latest F1 news about: Redundancies
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Red Bull team principal Christian Horner has ruled out mass redundancies as a remedy for the ongoing budget cap crisis. read more »
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Whilst reiterating the need to revise the budget cap, warning that failure to do so risks "mass redundancies", Christian Horner seeks to clarify his comment over... read more »
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Whilst reiterating the need to revise the budget cap, warning that failure to do so risks "mass redundancies", Christian Horner seeks to clarify his comment over... read more »
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Join host Tom Clarkson as he shares the stories of the world championship winning Mercedes 'Brackley Boys' - Ron Meadows, Andrew Shovlin, Simon Cole and James Vowles... read more »
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Red Bull boss Christian Horner discussed the mammoth task of falling within the budget cap, which has forced painful staff cuts. read more »
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Last year, F1 teams agreed to slash the championship's planned cost cap from $175million to $145million starting in 2021, followed by a further $5million year-on-year... read more »
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Mercedes F1 boss Toto Wolff has confirmed that although the team are looking at solutions, it's inevitable that staff will be made redundant. read more »
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F1's cap is good for the sport's survival but in the here and now it is "painful" for McLaren with the F1 team losing around 70 staff. read more »
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The McLaren Group is to lay-off 25% of its workforce, around 1,200 people, in the wake of the coronavirus pandemic, around 70 of the redundancies coming from the F1 team. read more »
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The McLaren Group has announced plans to make around 1,200 redundancies from its business, which includes the Formula 1 team. read more »
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McLaren is to make around 1200 staff redundant across its automotive, technology and racing teams as part of a major restructuring of the business read more »
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While the fact that a budget cap could cost in excess of 4,000 jobs, Renault boss Cyril Abiteboul believes it will play into his team's hands as rivals are... read more »
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Renault's Cyril Abiteboul believes Formula 1's smaller outfits will be helped by the distraction of top teams needing to make redundancies after the planned 2021... read more »
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Manor could yet compete in this year's championship with joint administrator Geoff Rowley revealing that there have been no redundancies although time is... read more »
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It has been confirmed that Marussia will not be present at the United States Grand Prix this weekend, with administrators having been appointed to oversee the team. Bernie... read more »
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The Caterham F1 Team has announced a number of redundancies as part of a 'restructuring' made by the new owners. read more »
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Many say Lewis Hamilton moving to Mercedes wouldn’t make any sense, but on further investigation it actually makes plenty of sense. Clearly on current form a move to... read more »