Sports Other News 02 Apr 2020 McLaren drivers take ...

McLaren drivers take voluntary pay cut amid cost-cutting measures

AFP | DECCAN CHRONICLE
Published Apr 2, 2020, 7:40 pm IST
Updated Apr 2, 2020, 7:40 pm IST
McLaren driver Lando Norris.
 McLaren driver Lando Norris.

London: 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.

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 pounds ($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 Covid19 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."

The opening eight Grand Prixs of the 2020 season have been cancelled or postponed due to the Covid19 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.

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