Formula One furloughs half of staff while management take 20% pay cut

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  • Around 50% of F1’s 400 UK staff put on furlough for two months
  • Mercedes repurpose engine plant to produce NHS breathing aids

Formula One has placed half of its staff on furlough as the sport addresses the serious financial implications of coronavirus.

With eight races already called off F1 is potentially facing a major loss of income, with no guarantees any meetings will take place this year. As the teams consider how to address this issue collectively, Mercedes announced they are now manufacturing 1,000 breathing aids a day for the NHS at their engine plant in Brixworth.

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Written by Giles Richards
This news first appeared on https://www.theguardian.com/sport/2020/apr/07/formula-one-furloughs-half-of-staff-while-management-take-20-pay-cut under the title “Formula One furloughs half of staff while management take 20% pay cut”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.