LONDON (REUTERS) - The Britain-based Williams and Racing Point Formula One teams on Monday (April 6) followed McLaren in temporarily furloughing staff because of the coronavirus crisis, with their drivers taking pay cuts.. Read more at straitstimes.com.
LONDON - The Britain-based Williams and Racing Point Formula One teams on Monday followed McLaren in temporarily furloughing staff because of the coronavirus crisis, with their drivers taking pay cuts.
Silverstone-based Racing Point said Canadian driver Lance Stroll, whose billionaire father Lawrence owns the team, and well-sponsored Mexican Sergio Perez would also take voluntary wage cuts. Williams, former world champions who finished last in 2019, said in a statement that their move was part of a wider range of cost-cutting measures, adding:"The furlough period will last until the end of May while senior management, and our drivers, have taken a pay cut of 20 per cent effective from April 1."
"These decisions have not been taken lightly," Williams said."Our aim is to protect the jobs of our staff... and ensuring they can return to full-time work when the situation allows."The 2020 F1 season was scheduled to begin in Melbourne last month but is yet to get underway after the pandemic wiped out the Australian and Monaco grands prix.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Formula One: Ecclestone says 2020 F1 championship should be cancelledLONDON (AFP) - Bernie Ecclestone says this season's Formula One championship should be cancelled because it appears unlikely that enough races can be completed for it to be valid due to the coronavirus crisis.. Read more at straitstimes.com.
Read more »
Formula One in 'very fragile state', warns McLaren boss BrownLONDON: McLaren boss Zak Brown said on Sunday (Apr 5) that the coronavirus pandemic has plunged Formula One into 'a very fragile state', warning ...
Read more »
Tokyo sees more than 130 new COVID-19 cases, highest jump in one day: ReportTOKYO: More than 130 people were newly infected with the novel coronavirus in Tokyo, Japan's NHK public broadcaster reported on Sunday (Apr 5), ...
Read more »
One visitor to Italy caused 37 Covid-19 cases in MalaysiaKUALA LUMPUR — Malaysia remains vulnerable to imported Covid-19 cases that could become new local clusters, health authorities warned after one patient who returned from Italy caused 37 other infections.
Read more »
How one Silicon Valley factory keeps running in the age of coronavirusREUTERS: The managers at Green Circuits — a small Silicon Valley electronics factory — thought they would have to close when the San Francisco Bay ...
Read more »