user icon
user icon

Steiner: Haas not hoarding money by furloughing staff

  • Published on 23 Apr 2020 11:15
  • comments 3
  • By: Fergal Walsh

Haas team principal Guenther Steiner denies that his team is hoarding money by placing its staff on furlough and seeking government benefits amid the coronavirus pandemic.

The American outfit is one of several UK-based teams that has laid off its staff and applied for the government scheme that sees furloughed personnel paid 80% of their wages.

MORESteiner: Gene Haas wants to see F1 project through | Horner: Introduce customer cars to save costs

Steiner insists that all measures are being done to ensure that the employees will have jobs when they are free to return to work.

“You never take it [the news of furlough] well, but most of our people understand why we are doing it,” Steiner told Formula1.com.

“This is not to cut them short, it’s to make sure they have a job in the future. There is nothing malicious, we’re not being cheap or trying to hoard money.

“We try to do the best we can. A lot of people who have lost their jobs. [in other industries]. So long as we can keep the jobs, that is what we try to do.”

There is concern over the long-lasting impact that coronavirus could have on the teams, with Zak Brown stating that up to four F1 teams could drop from the grid.

Williams deputy team principal Claire Williams recently asserted that going racing in 2020 is critical for her team's survival in F1.

“It hurts every business,” Steiner added. “We have very limited income. FOM tries to help. But we don’t know if we go back racing.

“I personally think we will but you have to plan for the worst, that we have no income from FOM. And if we have no income someone needs to pay – and those funds are limited. It wouldn’t be right to pay if nothing has happened.”

Replies (3)

Login to reply
  • What a ridiculous suggestion - HAAAS like others are doing what it takes to survive........they are not after all Ferrari !

    • + 0
    • Apr 23 2020 - 18:00
  • siggy74

    Posts: 146

    Makes sense for us to get paid ;p

    rather than let go :)

    no winners in this mess, well may be some from the east buying up assets cheaper ;p

    • + 0
    • Apr 23 2020 - 23:30
  • The idea that teams are using this as a way of hoarding money is completely unfair. I can assure you that all teams are bleeding money right now. They are doing what they can to survive - as part of that survival, staff will hopefully have a job to go back to. No one is making a killing out of this pandemic - business and people are doing what they can to hope they come out ok at the other end. To imply or state that HAAS is doing otherwise is just crap.

    • + 0
    • Apr 24 2020 - 01:02

AT Grand Prix of Austria

Local time 

  • Friday weather-image

    Saturday weather-image

    Sunday weather-image

  • Free practice 1

    11:00 - 12:30

    Free practice 3

    12:00 - 13:00

    Race

    15:10 - 17:10

  • Free practice 2

    15:00 - 16:30

    Qualifying

    15:00 - 16:00

    Fastest lap

     

AT Grand Prix of Austria

Local time 

  • Fridayweather-image

  • Free practice 1

    11:00 - 12:30

    Free practice 2

    15:00 - 16:30

  • Saturdayweather-image

  • Free practice 3

    12:00 - 13:00

    Qualifying

    15:00 - 16:00

  • Sunday weather-image

  • Race

    15:10 - 17:10

    Fastest lap

    15:10 - 17:10

Related news

Test calendar

Circuit de Catalunya - Winter testing

Circuit de Catalunya - Winter testing

See full test schedule

Give your opinion!

Where will Sebastian Vettel be in 2021?

World Championship standings 2019

Show full world champion standings

Driver profile

  • Team -
  • Points -
  • Podiums -
  • Grand Prix -
  • Country IT
  • Date of b. Apr 7 1965 (55)
  • Place of b. Merano, Italy, IT
  • Weight 0 kg
  • Length 0.00 m
Show full profile

Team profile

  • comments 48,945 comments on Haas
  • star 14 members have this team as their favourite
  • vote Tweets about Haas
Show full profile

Formula 1 Calendar - 2020

Date
Grand Prix
Circuit
-
Spain
-
Spain
13 - Mar 15
Australia
20 - Mar 22
Bahrain
3 - Apr 5
Viet Nam
17 - Apr 19
China
1 - May 3
Netherlands
8 - May 10
Spain
21 - May 24
Monaco
5 - Jun 7
Azerbaijan
12 - Jun 14
Canada
26 - Jun 28
France
3 - Jul 5
Austria
17 - Jul 19
United Kingdom
31 - Aug 2
Hungary
28 - Aug 30
Belgium
4 - Sep 6
Italy
18 - Sep 20
Singapore
25 - Sep 27
Russian
9 - Oct 11
Japan
23 - Oct 25
United States of America
30 - Nov 1
Mexico
13 - Nov 15
Brazil
27 - Nov 29
United Arab Emirates
See full schedule

Formula 1 Calendar - 2020

Date
Grand Prix & Circuit
13 - Mar 15
Australia Albert Park
20 - Mar 22
3 - Apr 5
Viet Nam Hanoi Circuit
17 - Apr 19
1 - May 3
Netherlands Circuit Zandvoort
8 - May 10
21 - May 24
Monaco Monte Carlo
5 - Jun 7
Azerbaijan Baku City Circuit
12 - Jun 14
26 - Jun 28
France Paul Ricard
3 - Jul 5
Austria Red Bull Ring
17 - Jul 19
United Kingdom Silverstone
31 - Aug 2
Hungary Hungaroring
28 - Aug 30
4 - Sep 6
Italy Monza
18 - Sep 20
25 - Sep 27
Russian Sochi Autodrom
9 - Oct 11
23 - Oct 25
United States of America Circuit of the Americas
30 - Nov 1
13 - Nov 15
Brazil Interlagos
27 - Nov 29
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar