
London, United Kingdom, Apr 2 – McLaren drivers Carlos Sainz and Lando Norris have taken voluntary pay cuts as part of a raft of cost-cutting measures to help the team survive the coronavirus crisis with Formula One in lockdown.
“I fully understand these tough decisions and I have obviously decided to take a pay cut. We are all in this together,” Sainz tweeted.
The British-based team will also use the UK government’s furlough scheme to guarantee 80 percent of salary for staff up to a maximum of £2,500 ($3,000) a month.
“The McLaren Group is temporarily furloughing a number of employees as part of wider cost-cutting measures due to the impact of the Covid-19 pandemic on its business,” said an official spokesperson for McLaren.
“These measures are focused on protecting jobs in the short-term to ensure our employees return to full-time work as the economy recovers.”
Mercedes, Renault, Williams and Racing Point also said they were reviewing potential economic measures to take when approached by AFP.
The opening eight Grand Prixs of the 2020 season have been cancelled or postponed due to the COVID-19 pandemic.
There is still hope the season can resume at a later date with F1 CEO Chase Carey optimistically aiming for a calendar of 15-18 races.
(Visited 5 times, 5 visits today)
Agence France-Presse is a global news agency delivering fast, in-depth coverage of the events shaping our world from wars and conflicts to politics, sports, entertainment and the latest breakthroughs in health, science and technology.
%thecontent%%avatar%%author%
- %authornetworks%
- %authornetworks%
Comments
%sidebar%","opedarticle":"","sidead1":"ff","sidead2":"","sidead3":"","homestory":"%title%
%game%%date%Read More--","taxonomyitem":"%title%
%game%%date%Read More------","fixtureitem":"Son set for military training in virus shutdown
rn rn Footballrn rn rn Thursday, 2nd Apr 2020rn rn rn rn Read Articlern rn rn rn rn rn
rn rn rn rn rn
rn rn rn rn rn
rn rn rn rn rn
rn rn rn rn rn
rn rn rn rn rn rn rn rn rn rn rnrnrnrn rn rn rn rn rn rn rn rn rn rn rn More Headlines
rn rn rn rn rn rn
rn rn rn rn rn rn rn Donations show ‘togetherness’ against virus, says Rashfordrn
rn rn Footballrn rn rn rn 3 hours ago rn rn rn rn rn rn rn rn rn
rn rn rn rn rn rn rn Health workers to be honoured at 2021 Grand Nationalrn
rn rn Gamern rn rn rn 3 hours ago rn rn rn rn rn rn rn rn rn
rn rn rn rn rn rn rn ‘Unfinished project’ sees Jones stay with England until 2023 World Cuprn
rn rn Rugbyrn rn rn rn 1 hour ago rn rn rn rn rn rn rn rn rn
rn rn rn rn rn rn rn Wimbledon cancelled for first time since WWIIrn
rn rn Gamern rn rn rn 22 hours ago rn rn rn rn rn rn rn rn rn
rn rn rn rn rn rn rn UEFA postpone June international fixturesrn
rn rn Footballrn rn rn rn 20 hours ago rn rn rn rn rn rn rn rn rn
rn rn rn rn rn rn rn Okwiri keeps Tokyo dream despite Dakar lossrn
rn rn Boxingrn rn rn rn 1 day ago rn rn rn rn rn rn rn rnrnrn rn rnMost Popular
rn ntttnttttntttttnttttnttttntttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttnttttntttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttntttttttttntttttttttttttttttttttttttttttttttntttttttnntttttnttttntttttttntt rn rn rn rn rn rnAll Sports
rn trn rn rn rn
rn rn rn rn McLaren drivers take pay cut amid cost-cutting measures
rn rn rn Motorsrn rn Thursday, 2nd Apr 2020rn rn rn rn rn Read Morern rn rn rn rn rn --rn rn rn rn rn rnrn rn
rn rn rn rn Donations show ‘togetherness’ against virus, says Rashford
rn rn rn Footballrn rn Thursday, 2nd Apr 2020rn rn rn rn rn Read Morern rn rn rn rn rn --rn rn rn rn rn rnrn rn
rn rn rn rn Health workers to be honoured at 2021 Grand National
rn rn rn Gamern rn Thursday, 2nd Apr 2020rn rn rn rn rn Read Morern rn rn rn rn rn --rn rn rn rn rn rnrn rn
rn rn rn rn ‘Unfinished project’ sees Jones stay with England until 2023 World Cup
rn rn rn Rugbyrn rn Thursday, 2nd Apr 2020rn rn rn rn rn Read Morern rn rn rn rn rn --rn rn rn rn rn rnrn rn
rn rn rn rn Wimbledon cancelled for first time since WWII
rn rn rn Gamern rn Wednesday, 1st Apr 2020rn rn rn rn rn Read Morern rn rn rn rn rn --rn rn rn rn rn rn rnPoll Question
rn rn ntnttnttnttWILL ARSENAL FINISH TOP FOUR IN 2019/20 EPL SEASON?
- ntt
- NO ntt
- YES ntt
rn rn rn rn UEFA postpone June international fixtures
rn rn rn Footballrn rn Wednesday, 1st Apr 2020rn rn rn rn rn Read Morern rn rn rn rn rn --rn rn rn rn rn rnrn rn
rn rn rn rn Okwiri keeps Tokyo dream despite Dakar loss
rn rn rn Boxingrn rn Wednesday, 1st Apr 2020rn rn rn rn rn Read Morern rn rn rn rn rn --rn rn rn rn rn rnrn rn
rn rn rn rn Tributes paid to ex-Marseille president Diouf
rn rn rn Footballrn rn Wednesday, 1st Apr 2020rn rn rn rn rn Read Morern rn rn rn rn rn --rn rn rn rn rn rnrn rn
rn rn rn rn Ex- Marseille president Pape Diouf dies of coronavirus
rn rn rn Footballrn rn Wednesday, 1st Apr 2020rn rn rn rn rn Read Morern rn rn rn rn rn --rn rn rn rn rn rnrn rn
rn rn rn rn New Zealand Rugby slash pay as sport reels from virus
rn rn rn Rugbyrn rn Wednesday, 1st Apr 2020rn rn rn rn rn Read Morern rn rn rn rn rn --rn rn rn rn rn rn rn rn Load More Storiesrn rn rn rn rn rn rn rnSponsored
rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rnFeatured
rn rn rn rn rnMost Popular
rn ntttnttttntttttnttttnttttntttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttnttttntttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttntttttttttntttttttttttttttttttttttttttttttttntttttttnntttttnttttntttttttntt rn rn rn rn trn rn rnrn rn rn rn tFeatured
rn rn trn rnOops...Something broke on our end
"},"messages":{"accessdenied":"Access to the account has been denied ","httperror":"Oops, something went wrong...please try again","contactgoogle":"Contacting Google","firsttime":"Seems this is your first time with this signin system. Please wait as we get your name","signinsuccess":"Cool. You're now signed in. This signin will close automatically now","pendingrequest":"Still communicating with the server","signedout":"Seems you were signed out. Try submitting again after you've been signed in","trackingerror":"Couldn't track Analytics","xhrnotconfigured":"To webmaster: Please confirm the xhr/ajax receptor is configured on the server","loadmore":"Load more stories"}}; /* ]]> */


