McLaren makes 1200 redundancies to stay afloat

British F1 and supercar specialist McLaren has issued 1200 staff redundancies to stay afloat during the car industry downturn caused by the global coronavirus crisis. In a statement to investors, McLaren confirmed it had let go of 1200 employees – approximately a quarter of its total workforce – across its automotive and racing businesses, as well as members of its back office functions.

Tweet

Subscribe to receive free email updates: