Coronavirus: McLaren announces pay cuts for F1 drivers and management

Tanya Simon
April 4, 2020

"These measures are focused on protecting jobs in the short term to ensure our employees return to full-time work as the economy recovers".

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. Alongside that, both drivers volunteered to take the same rate of pay cut as the rest of the staff when told of the moves.

The McLaren Group, including its luxury auto maker and applied technology arm, employs around 3,700 people.

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. The 100-150 staff personnel who are involved in this project are not involved in the furlough policy. Furthermore, all the other staff, including CEO Zak Brown and senior management, are also taking over.

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McLaren is part of a consortium of leading aerospace, engineering and Formula One racing companies who have joined forces to ramp up production of a ventilator made by Smiths Group which supports those with complications from the virus.

F1 teams are now in a period where they can take 21-day factory closings after the sport's usual summer vacation was brought forward in August, and spanned seven days. A team spokesman revealed Norris and Sainz were adamant they too wanted to sacrifice for the greater good.

Whilst efforts to start the 2020 season later in the year remain active, it will likely be on a reduced schedule and therefore F1, the FIA and teams have agreed to postpone rule changes and to continue to use the '20 cars next year to cut costs. The current chassis will also be used next year to save money.

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