Caterham F1 Gone?

Caterham F1 Gone?

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Discussion

Likes Fast Cars

2,770 posts

165 months

Tuesday 8th July 2014
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Albers was interviewed by BBC and he said he's already some changes that could happen immediately, but wouldn't say. So probably job losses. The thing is, I;d have thought with the team's performance needing to improve they should be investing, not shedding staff.

Megaflow

9,408 posts

225 months

Tuesday 8th July 2014
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zac510 said:
I'm not betting anything.

But I'm proud to wish them success rather than wish them doom out of spite for Kolles.
I don't think anybody is wishing doom upon them, and I hope they do succeed, F1 needs more teams not less, but sadly Kolles is not the way to go about it.

Slyjoe

1,501 posts

211 months

Tuesday 15th July 2014
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Lots of redundancies there today frown sad times.

anonymous-user

54 months

Wednesday 16th July 2014
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Slyjoe said:
Lots of redundancies there today frown sad times.
Sad times indeed. Laying people off isn't going to help much with competitiveness is it?


Some Gump

12,689 posts

186 months

Wednesday 16th July 2014
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REALIST123 said:
Sad times indeed. Laying people off isn't going to help much with competitiveness is it?
What if the alternative is simply going bust and having no team at all?
A car on the track is by definition more competitive than a car sat under a sheet in a factory.

suffolk009

5,393 posts

165 months

Wednesday 16th July 2014
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Just read speculation about numbers on F1Technical. Somebody is claiming over 100 redundant.

ETA: Joe Saward quoting "dozens".

Edited by suffolk009 on Wednesday 16th July 07:58

Megaflow

9,408 posts

225 months

Wednesday 16th July 2014
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Some Gump said:
REALIST123 said:
Sad times indeed. Laying people off isn't going to help much with competitiveness is it?
What if the alternative is simply going bust and having no team at all?
A car on the track is by definition more competitive than a car sat under a sheet in a factory.
In the bizarre world of F1, this probably means going bust is more likely.

Less people generally means less competitive. Less competitive means less cash. Less cash means less people. And continue until finished.

Sad news. I had high hopes for them when they arrived on the scene.

Bonefish Blues

26,716 posts

223 months

Wednesday 16th July 2014
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Difficult to see it going any other way. Doubtless there are the usual hordes of creditors in specialist companies looking for payment - I know my friend's employers are in for a substantial write-off due to extending too much credit in this direction this season.

The Hypno-Toad

12,281 posts

205 months

Wednesday 16th July 2014
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Test driver Rossi quit/pushed today. From both his role with the F1 team and the GP2 squad.

woof

8,456 posts

277 months

Wednesday 16th July 2014
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The Hypno-Toad said:
Test driver Rossi quit/pushed today. From both his role with the F1 team and the GP2 squad.
I know Alex - spoke with him at Silverstone and he had no idea what was going or where he would be next week. I'd been told he had paid a lot of money to have his test and GP2 role but perhaps a second payment was due and wasn't available.

FYi GP2 teams have to field 2 cars at a GP2 otherwise the team is fined 60,000 euros for each missing car, so Berthon will be in that vacant GP2 seat now. That's why you see drivers having one off drives and the best way to get a cheap GP2 drive!


Edit - Dillman is Rossi's replacement








Edited by woof on Wednesday 16th July 14:54

Mr_Yogi

3,278 posts

255 months

Wednesday 16th July 2014
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I though Caterham had been sold? Who bought it a couple of homeless guys?

Eric Mc

122,029 posts

265 months

Wednesday 16th July 2014
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Just because a company has been sold does not mean that the buyers are prepared to spend the type of money the previous owners did.

Mr_Yogi

3,278 posts

255 months

Wednesday 16th July 2014
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Eric Mc said:
Just because a company has been sold does not mean that the buyers are prepared to spend the type of money the previous owners did.
While I appreciate that for most businesses, I can't see the point in F1, especially when buying the lowest performing team. Surely more money has to go into the team, not less.

Or is Kolles hiring his prefered staff?

zac510

5,546 posts

206 months

Wednesday 16th July 2014
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Actually in the Racecar Engineering article before last there's a really good article about how spending money is often a 'safety blanket' for engineers who want to make the car go faster. Buying the latest equipment, the latest material or upgrading is much easier and feels good rather than trying to highlight weaknesses in the car or regulations and work with them for little expenditure.

In any case the recent expenditure at Caterham is precisely what has led to its current troubles so it's definitely not accurate to say that expenditure == performance.

Marussia seem to be doing a very good job at being efficient with their money and if you read tech articles about them they're quite focussed on being economical.

Mr_Yogi

3,278 posts

255 months

Wednesday 16th July 2014
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zac510 said:
Actually in the Racecar Engineering article before last there's a really good article about how spending money is often a 'safety blanket' for engineers who want to make the car go faster. Buying the latest equipment, the latest material or upgrading is much easier and feels good rather than trying to highlight weaknesses in the car or regulations and work with them for little expenditure.

In any case the recent expenditure at Caterham is precisely what has led to its current troubles so it's definitely not accurate to say that expenditure == performance.

Marussia seem to be doing a very good job at being efficient with their money and if you read tech articles about them they're quite focussed on being economical.
Thanks I had assumed Caterham and Marussia operated on similar budgets. I can imagine the belief/ temptation that you could buy yourself performance with the latest kit. But how does that translate to letting large numbers of staff go? Would Caterham likely be overstaffed? Anyone know comparative workforce numbers to Marussia?

Edited by Mr_Yogi on Wednesday 16th July 16:49

zac510

5,546 posts

206 months

Wednesday 16th July 2014
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I don't know the answers to those questions, I wish I knew smile

Eric Mc

122,029 posts

265 months

Wednesday 16th July 2014
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People are the most expensive resource in a "business" like this. When cost saving HAVE to be made, it is people who will go first.

thegreenhell

15,334 posts

219 months

Wednesday 16th July 2014
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http://www.bbc.com/sport/0/formula1/28327774

"The Caterham Formula 1 team have laid off more than 40 staff as their new owners seek to reduce costs. Among the departures are deputy technical director Jody Eggington and head of track operations Gerry Hughes."

BUG4LIFE

2,020 posts

218 months

Friday 18th July 2014
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I had an interview with Caterham F1 last Nov - I was gutted that I didn't get the job but now think I dodged a bullet! Hope the guy that did get the job is ok.

DanielSan

18,792 posts

167 months

Saturday 19th July 2014
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1 spare or just 1 left of the allocation before they start getting penalised?