McLaren drivers take pay cut amid cost-cutting measures

drivers Carlos Sainz and Lando Norris have taken voluntary pay cuts as
a part of a raft of cost-cutting measures to assist the staff survive the
coronavirus disaster with System One in lockdown.

The British-based staff may also use the UK authorities’s furlough
scheme to ensure 80 p.c of wage for workers as much as a most of
£2 500 (R57 000) a month.

“The McLaren Group is briefly furloughing quite a few staff
as a part of wider cost-cutting measures as a result of impression of the Covid-19
pandemic on its enterprise,” stated an official spokesperson for McLaren.

“These measures are centered on defending jobs within the short-term to
guarantee our staff return to full-time work because the economic system recovers.”

The opening eight Grands Prix of the 2020 season have been cancelled or postponed as a result of Covid-19 pandemic.

There may be nonetheless hope the season can resume at a later date with F1 CEO
Chase Carey optimistically aiming for a calendar of 15-18 races.

Supply hyperlink Motorsport

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