McLaren Says To Cut 1,200 Jobs Due To Pandemic
May 26, 2020
4:39 pm
British Formula 1 team and supercar maker McLaren said Tuesday it plans to cut 1,200 jobs after the coronavirus crisis hit sales.
“We deeply regret the impact that this restructure will have on all our people, but especially those whose jobs may be affected,” the group’s executive chairman Paul Walsh said in a statement.
Walsh said the cuts “will have a significant impact on the shape and size of our F1 team”.
British media reports said about 70 of the racing team’s 800 jobs will be eliminated by the restructuring plan.
“It is a course of action we have worked …
