F1 staff 'disgruntled' after being placed on furlough

Chase Carey (Getty)
Chase Carey (Getty)

Over 200 of Formula 1's regular staff are 'disgruntled' after being placed on furlough during the Covid-19 lockdown, according to the Daily Mail.

Formula 1, and the world as a whole, is facing an unprecedented crisis.

As the coronavirus continues to wreak havoc around the globe, resulting in almost 75,000 deaths, countries remain in lockdown and the world's sport is on hold.

This has already led to the UK-based McLaren, Williams and Racing Point F1 teams announcing that they would take up the government's furlough option, putting staff on paid leave of which the UK government pays 80 per cent of their salaries.

Added to that both F1 teams said management and the drivers had taken pay cuts to help the teams survive financially.

Now Formula 1 has jumped on board.

According to the Daily Mail, F1 boss Chase Carey has 'slashed his own salary by 20 per cent as part of a major cost-saving operation in the organisation'.

Formula 1 has also put half of its 500 staff on furlough with the Mail reporting that 'regular staff are said to be disgruntled by their treatment'.

While no one knows exactly what Carey earns, it is said to be in the millions of pounds.

Carey has been joined on the pay cut list by 15 directors, including Formula 1 sporting boss Ross Brawn.

They will all take a 20 per cent cut for the next two months with the situation to be re-evaluated later.

Formula 1's finances have suffered a big blow in the last two months with shares on the Nasdaq plummeting to $19.97 last week. They have since recovered to $21.67.

The 2020 Formula 1 season is yet to get underway with Canada mooted as the opening race but a decision on that is expected later this week.

- TEAMtalk media

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Voting Booth
What is your favourite sport to watch on TV?
Please select an option Oops! Something went wrong, please try again later.
Results
Rugby
42% - 8995 votes
Cricket
11% - 2333 votes
Football
19% - 4103 votes
Athletics
2% - 530 votes
Boxing
1% - 191 votes
Cycling
2% - 499 votes
Golf
5% - 1046 votes
Motorsport
9% - 1822 votes
Tennis
3% - 731 votes
Water sports
1% - 198 votes
American sports
1% - 268 votes
MMA / WWE / UFC
3% - 681 votes
Vote