The british manufacturer of racing cars McLaren, known for the F1, announced on Tuesday the removal of 1200 jobs, or a quarter of its workforce, due to the impact of the pandemic coronavirus on its activities.
The manufacturer, whose head office is in the county of Surrey, south of London, explains in a press release that they have suffered from the cancellation of sporting events or of the discontinuation of its production and sale to private individuals.
It involves in addition the capping of the 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 have worked hard to avoid after you have already put in place savings measures drastic in all areas of our activities. 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.