F1 »

Up to 50 jobs to go at Renault F1

Renault F1 is to make as many as 50 redundancies from its Oxfordshire headquarters, it has been reported, as the French manufacturer continues to feel the effects of the global credit crunch.

It was revealed earlier this month that jobs in the test team and aerodynamics department at its Enstone base – more than a sixth of its workforce there – were subject to a 'consultation process which might result in the redundancies of 63 employees' [see separate story – click here].

Now, the BBC reports, as many as 50 members of staff are to face the axe next Monday, 2 March. It added that most of the cuts would be made by way of the company's voluntary redundancy scheme.

The news comes hot on the heels of the revelation that the Régie's title sponsor, ailing Dutch bank ING, is to quit the sport at the close of its current contract at the end of this season, as part of a wider cost-cutting exercise.

Renault is understood to be one of the manufacturers most at risk of pulling the plug on its F1 project and of following Honda out of the exit door, as the car maker struggles to maintain sales amidst the current economic downturn.

When contacted by Crash.net for a comment, the team said an official statement would be issued shortly.


Related Pictures

Click on relevant pic to enlarge
Renault logosSan Marino Grand Prix, Formula One, Saturday , 21/04/05, Imola, Italy .
26.03.2017 - Race, Sebastian Vettel (GER) Scuderia Ferrari SF70H race winner and Maurizio Arrivabene (ITA) Ferrari Team Principal
26.03.2017 - Race, Romain Grosjean (FRA) Haas F1 Team VF-17 retires from the race
26.03.2017 - Race, Alain Prost (FRA) Renault Sport F1 Team Special Advisor
26.03.2017 - Race, Max Verstappen (NED) Red Bull Racing RB13 and Nico Hulkenberg (GER) Renault Sport F1 Team RS17
26.03.2017 - Race, Nico Hulkenberg (GER) Renault Sport F1 Team RS17
26.03.2017 - Race, Sebastian Vettel (GER) Scuderia Ferrari SF70H and Maurizio Arrivabene (ITA) Ferrari Team Principal
26.03.2017 - Race, Sebastian Vettel (GER) Scuderia Ferrari SF70H and Maurizio Arrivabene (ITA) Ferrari Team Principal
26.03.2017 - Race, Romain Grosjean (FRA) Haas F1 Team VF-17
26.03.2017 - Race, Kevin Magnussen (DEN) Haas F1 Team VF-17 and Marcus Ericsson (SUE) Sauber C36
26.03.2017 - Race, Start of the race, Kevin Magnussen (DEN) Haas F1 Team VF-17
26.03.2017 - Race, Jolyon Palmer (GBR) Renault Sport F1 Team RS17
26.03.2017 - Race, Kevin Magnussen (DEN) Haas F1 Team VF-17
26.03.2017 - Race, Jolyon Palmer (GBR) Renault Sport F1 Team RS17
26.03.2017 - Race, Nico Hulkenberg (GER) Renault Sport F1 Team RS17 and Esteban Ocon (FRA) Sahara Force India F1 VJM10
26.03.2017 - Race, Romain Grosjean (FRA) Haas F1 Team VF-17
26.03.2017 - Race, Fernando Alonso (ESP) McLaren MCL32 leads Nico Hulkenberg (GER) Renault Sport F1 Team RS17
26.03.2017 - Race, Start of the race, Esteban Ocon (FRA) Sahara Force India F1 VJM10 and Kevin Magnussen (DEN) Haas F1 Team VF-17

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.




© 1999 - 2017 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.