Coronavirus : McLaren announces the removal of 1 200 jobs - The Point

McLaren, the famous british manufacturer of racing cars McLaren, sword in employment. On Tuesday, may 26, the company known for the F1 has announced that it wil

Coronavirus : McLaren announces the removal of 1 200 jobs - The Point

McLaren, the famous british manufacturer of racing cars McLaren, sword in employment. On Tuesday, may 26, the company known for the F1 has announced that it will remove 1 200 jobs, a quarter of its workforce, because of the economic crisis caused by the pandemic of sars coronavirus. The manufacturer is justified in stating in a press release, have suffered as a result of the cancellation of sporting events or of the discontinuation of its production as well as the sale to individuals.

Read also Luc Chatel : "Our automobile plants need to restart"

It puts in question in addition to the capping of budgets decided for the F1 for the season 2021. McLaren has not said how many jobs would be affected in the F1, but, according to the BBC, the mark will remove 70 positions out of a staff of 800. "We deeply regret the impact of this restructuring on our employees, but particularly those whose jobs may be affected," said Paul Walsh, chief executive officer of the group.

"We had no other choice"

" We have worked hard to avoid after you have already put in place savings measures drastic in all our areas of activity. But we had no other choice than to reduce the size of our workforce ", he explained. The british press had revealed a few days ago that McLaren was seeking to negotiate a loan of 275 million pounds, offering as collateral his seat and his collection of old cars.

writing will advise you

Michel Richard – Yes, the money magic, it exists !
Updated Date: 26 May 2020, 18:33

You need to login to comment.

Please register or login.

RELATED NEWS