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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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Spain
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Italy
24 - Sep 26
Russian
1 - Oct 3
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Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
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Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
21 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
11 - Jun 13
25 - Jun 27
France Paul Ricard
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
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