FREE NEWSLETTER

McLaren’s Zak Brown warns of F1’s “fragile state” as McLaren and Williams Racing F1 furlough employees

6 April 2020

ROKiT Williams Racing has joined McLaren in temporarily furloughing a number of employees as part of a wider range of cost-cutting measures. The furlough period will last until the end of May while senior management and drivers have taken a pay cut of 20% effective from 1st April.

In unprecedented measures announced last month, the British government said it would pay 80% of salaries for staff who are kept on by their employer, covering wages up to £2,500 per month.

McLaren CEO Zak Brown has also said that Formula 1 is “in a very fragile state” as a result of the coronavirus crisis and needs big changes to survive, according to an exclusive interview with BBC Sport.

“This is potentially devastating to teams, and if [it is devastating] to enough teams – which doesn’t have to mean more than two – then very threatening to F1 as a whole,” he said. “In fact, I could see four teams disappearing if this isn’t handled the right way.”

He said all teams have now agreed to lower the budget cap to $150m (£122m) in 2021 but he believes it has to come down further and has proposed a limit of $100m (£81.5m). However, he would be prepared to compromise on $125m (£102m).

Cost-saving plans are currently being discussed at a meeting of F1 team principals.

Partners

SADEV
AVL
Bosch logo

Latest issue

FREE Newsletter

Stay up to date and a chance to win 1 Years Subscription*

  • This field is for validation purposes and should be left unchanged.

Latest Tweets

Stay up to date with our social world

RACE TECH magazine @RaceTechmag
23 Sep
Opel Motorsport opens new chapter in rallying https://t.co/nNuk1qsojF
RACE TECH magazine @RaceTechmag
23 Sep
New Aston Martin Racing Vantage GT8R to debut at Nürburgring 24 Hours https://t.co/Msr0NoZOTx
RACE TECH magazine @RaceTechmag
23 Sep
The Ford that beat Ferrari. Buy it now here for only £65 https://t.co/DRReDcL9zB Use discount code GT4020 at chec… https://t.co/EZUwrLWsIF
RACE TECH magazine @RaceTechmag
21 Sep
Formula E claims first sport to have net zero carbon footprint https://t.co/F6UCXk1c29
RACE TECH magazine @RaceTechmag
21 Sep
Williams Advanced Engineering wins LMDh contract https://t.co/NpaSlw6owK
RACE TECH magazine @RaceTechmag
21 Sep
Our October issue is out now! https://t.co/zbDueGCI0F Best bit is it's FREE for a limited time only. Inside you'll… https://t.co/6l1mLV5pCF
RACE TECH magazine @RaceTechmag
16 Sep
Breakthrough moment for sustainable composites in #F1. Read the full story for FREE here https://t.co/zbDueGCI0F… https://t.co/xv4Fz1gf8e
RACE TECH magazine @RaceTechmag
16 Sep
Praga Cars’ ambitious expansion programme https://t.co/mf00y44dzs