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F1 staff placed on furlough, Carey takes pay cut

  • Published on 07 Apr 2020 10:07
  • comments 0
  • By: Fergal Walsh

Formula 1 has placed over 200 of its staff members on furlough during the coronavirus pandemic crisis, while CEO Chase Carey has taken a pay cut.

The McLaren, Williams and Racing Point teams have all confirmed that they have laid off some staff, while its drivers will receive reduced pay.

Official F1 staff have now joined them, with Carey, along with F1 managing director Ross Brown, taking a 20% pay cut.

The start of the 2020 season has been delayed due to COVID-19, with the opening race of the year currently scheduled for mid-June in Canada.

Currently, the teams are involved in a factory shutdown period that is usually reserved for the summer, which is set to end on April 20th.

However, that period could last longer and seep into May with no end in sight on UK restrictions regarding the coronavirus.

MOREHorner: Factory shutdown could be extended into May

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Austria
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Austria
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Hungary
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Date
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3 - Jul 5
Austria Red Bull Ring
10 - Jul 12
Austria Red Bull Ring
17 - Jul 19
Hungary Hungaroring
31 - Aug 2
United Kingdom Silverstone
7 - Aug 9
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14 - Aug 16
28 - Aug 30
4 - Sep 6
Italy Monza
11 - Sep 13
Italy Mugello
25 - Sep 27
Russian Sochi Autodrom
9 - Oct 11
Germany Nurburgring
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