News Details
Majority of Caterham staff made redundant
The Caterham F1 Team might be enjoying good news at the moment following an announcement that they will be back on the grid for the Abu Dhabi Grand Prix next weekend, but for the majority of their workforce, it's a different feeling altogether. Almost 85 per cent of the team is employed by a company called 1MRT (1 Malaysia Racing Team) which is owned by Tony Fernandes. The remaining 15 per cent are employed by Caterham - the part currently under the control of administrators Smith & Williamson led by Finbarr O'Connell. Whilst the 15 per cent remain safe for now, following Friday's announcement, as they're needed to operate the cars in Abu Dhabi, the majority of employees - those at 1MRT -...
Full Story »
Full Story »
11y ago from TheF1Times.com
0
You May Also Be Interested In...
Caterham set for Abu Dhabi return
LONDON, Nov 14, 2014 (AFP) - The struggling Caterham team are set to...
11y ago from F1Plus.com
End of the Formula 1 dream for Marussia
Sad times for Marussia
The British-based Marussia Formula 1 team reached...
11y ago from GrandPrix247.com
End of Formula 1 dream for Marussia
xt">Sad times for Marussia
The British-based Marussia Formula...
11y ago from GrandPrix247.com
Caterham crowdfunding project hits half-way mark
The Caterham F1 Team's crowdfunding project, which was launched last week,...
11y ago from RichlandF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: 'It's not that the others are going...
No description available...
7h ago from Motorsport.com
Pedro Acosta ‘barely makes it through’ to Q2 after...
No description available...
7h ago from Motorsport.com
Johann Zarco tops second MotoGP practice at Le Mans,...
Johann Zarco continued Honda's Friday dominance to top the second MotoGP...
10h ago from MotorsportWeek.c...
Guenther Steiner: 'Maverick Vinales must stay away...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar postpones IMS qualifying due to rain
The NTT IndyCar Series has postponed qualifying due to continuing...
2h ago from MotorsportWeek.c...
Enzo Fittipaldi snags first Indy NXT win in Race 1 of...
No description available...
3h ago from Motorsport.com
Rain washes out IndyCar qualifying at Indianapolis...
No description available...
2h ago from Motorsport.com
Second IndyCar practice at IMS headed up by Alex Palou
IndyCar took to the Indianapolis Motor Speedway road course for the...
6h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Portugal: Organisers investigate major stage...
No description available...
4h ago from Motorsport.com
WRC Portugal: Adrien Fourmaux off gives Sebastien...
No description available...
8h ago from Motorsport.com
Dani Sordo questions “stupid” WRC tyre rules amid...
No description available...
12h ago from Motorsport.com
WRC Portugal: Hyundai on top as overnight leader...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta urges Arsenal to ‘channel energy’ in...
ager dismisses criticism from the ‘celebration police’ and is focused...
3h ago from TheGuardian.com
The seven games that will decide whether Arsenal or...
enal have the advantage in the Premier League title race but will they...
3h ago from TheGuardian.com
Andrea Berta a huge admirer of 26-year-old Liverpool...
Arsenal are interested in signing the Atalanta midfielder Ederson Dos...
4h ago from CaughtOffside.com
Arsenal and Man City battle for 55m Spanish attacker...
Matias Fernandez-Pardo has been linked with a move away from LOSC Lille at...
4h ago from CaughtOffside.com
Comments
Hottest News
Thought F1 was bad? INDYCAR drivers rage over crazy rules:...
An IndyCar rule change has confused all involved,... Read More »
3h ago from GPFans.com
Aston Martin 2026 flop ‘the biggest blunder in F1...
Aston Martin is experiencing a true F1 disaster... Read More »
5h ago from GPFans.com
Daniel Ricciardo on life in the F1 paddock: 'That was not...
F1 legend Daniel Ricciardo has reflected on his... Read More »
4h ago from GPFans.com
