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Ferrari want staff reduction deadline reviewed
Due to the pandemic, Ferrari team principal Mattia Binotto thinks that the staff cuts under the new F1 budget cap must be reviewed. As of the 2021 season teams will be limited to spending $145m per season, and as part of that the top three spending-teams Mercedes, Ferrari and Red Bull are being forced to cut staff from their Formula 1 operations. Due to the scale of these budget reductions though this trio were given until June 2021 to complete the restructuring and to fall within the new rules. However, Binotto believes the effects of the global pandemic should force Formula 1 to reconsider these staff cuts at a time when people around the world are feeling the financial squeeze. As...
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5y ago from PlanetF1.com
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