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Williams and Racing Point furlough employees

NEWS STORY
06/04/2020

Williams and Racing Point have announced that they have followed McLaren's example and furloughed much of their workforce.

In a brief statement, Williams, the 9-time constructor champions and winner of 7 drivers titles announced that its drivers are also taking a pay cut.

"Due to the ongoing situation involving Covid-19, ROKiT Williams Racing is temporarily furloughing a number of employees as part of a wider range of cost-cutting measures," it read.

"The furlough period will last until the end of May whilst senior management, and our drivers, have taken a pay cut of 20% effective from 1st April.

"These decisions have not been taken lightly, however our aim is to protect the jobs of our staff at Grove and ensuring they can return to full-time work when the situation allows."

Racing Point, which is owned by a consortium led by Canadian billionaire, Lawrence Stroll, who recently but a controlling stake in sports car manufacturer Aston Martin, subsequently followed suit, revealing that its drivers had also taken a pay cut.

Neither team has revealed how many employees will be furloughed, a move which sees the British taxpayer paying employees salaries - up to a maximum of 2,500.00 a month - initially for up to three months during the coronavirus crisis.

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1. Posted by Egalitarian, 08/04/2020 0:25

"@ kdxrider - The few hands-on F1 workers to whom I have spoken don't get very good wages. There are some engineers, designers, etc that do indeed get very good wages. They bring plenty of truly unique skills and get appropriately remunerated. The rest of the 'pleb'workers love what they are doing, doing a first-class job to very high standards (remember that?) and see working for an F1 team as a dream job. The team principals take full advantage of that passion and pay enough to keep them there. They travel the world, sure, but they tend to work long hours in garages that are merely located around the world - and then return to a personality-free room. The food is probably reasonable though. I'm not convinced they are seeing what the average tourist sees. Just my (unsubsidised) $0.02. Cheers"

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2. Posted by kdxrider, 07/04/2020 14:56

"I imagine most of those workers get very good wages, along with the very high taxes and other deductions that go with earning good money. So why shouldn't they be getting the payouts put out by the governments, all the other businesses have put their work staff on furlough, what's the difference ?"

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3. Posted by ClarkwasGod, 07/04/2020 8:56

"20% is too light - a 50% cut would be meaningful"

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4. Posted by elsiebc, 07/04/2020 2:00

"Don't forget, the only reason the powers that be were desperately trying to go racing in Australia was because "cash is king". "

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