The Williams F1 Team and the Formula 1 Organisation have introduced measures to react to the increasing financial troubles caused by the COVID-19 outbreak. read more »

Chase Carey has agreed to take a voluntary pay cut, while around half of all Formula 1 staff have been placed on furlough. read more »

Formula One has furloughed 50 percent of its staff until the end of the season due to the ongoing coronavirus pandemic. read more »

Formula One chief executive Chase Carey is to take a significant but undisclosed pay cut, with over 200 F1 staff placed on furlough. read more »

The Formula 1 organisation has followed the route taken by teams and placed around half of its staff on furlough as the COVID-19 crisis continues to impact the series read more »

Formula 1 chief Chase Carey is taking a "20 per cent" pay cut but that doesn't seem to have appeased his furloughed staff. read more »

McLaren chief Zak Brown says putting staff on furlough was the "responsible thing to do", adding that he is surprised only "some" UK-based teams have done... read more »

Racing Point has added its name to the growing list of Formula 1 teams to place staff on furlough, while drivers Sergio Perez and Lance Stroll have volunteered to take pay cuts. read more »

Williams have become the second Formula 1 team to furlough some members of staff, while drivers George Russell and Nicholas Latifi are taking 20 per cent pay cuts. read more »

Williams has confirmed that it has furloughed “some” of its staff, following in the footsteps of the McLaren Formula 1 team. Like McLaren, its senior management and its... read more »

Williams drivers George Russell and Nicolas Latifi have taken 20% pay cuts while staff have been placed on furlough as the cost of the current lockdown hits another of Formula... read more »

Williams put a number of staff on furlough and give drivers and senior management a pay cut as a result of the coronavirus crisis. read more »

Williams become the second F1 team to officially put employees into furlough. read more »

Williams has become the second Formula One team to announce furloughs for some of its staff and pay cuts for its drivers. read more »

Williams has confirmed it has placed a number of its Formula 1 staff on furlough as well as introducing pay cuts for its drivers and senior management members read more »

Williams has joined McLaren in officially announcing pay cuts for senior staff and its drivers, whilst placing some other members of staff on furlough. read more »

The McLaren F1 team has become the first outfit to introduce major measures as a reaction on the ongoing coronavirus crisis that has already impacted motorsport financially. read more »

Lando Norris says taking a pay cut was the "best thing" he could have done to protect the jobs of his McLaren colleagues. read more »

Crash.net F1 Digital Editor Lewis Larkam considers how Formula 1 can regain its moral compass amid the global COVID-19 crisis after McLaren became the first team to take steps... read more »

McLaren Formula 1 drivers Carlos Sainz and Lando Norris have both agreed to take a pay cut during the current Coronavirus situation, as the McLaren team has taken steps to... read more »

McLaren have become the first Formula 1 team to furlough some staff because of the coronavirus, while drivers Carlos Sainz and Lando Norris are joining senior management in... read more »

Carlos Sainz Jr and Lando Norris have agreed to take voluntary pay cuts in a raft of cost-saving measures put in place by McLaren amid the coronavirus crisis. read more »

Carlos Sainz and Lando Norris have both called for pay cuts as McLaren places staff on furlough. read more »

Lando Norris and Carlos Sainz will both be taking a pay cut as McLaren announced a temporarily furlough for an undisclosed number of employees. read more »

McLaren has become the first F1 team to place its staff on furlough during the coronavirus crisis with drivers Carlos Sainz and Lando Norris taking a pay cut. read more »