Renault F1 plan redundancies
Renault F1 plan redundancies
Author
Discussion

Patrick1964

Original Poster:

746 posts

260 months

Friday 9th January 2009
quotequote all
Bad news all round......

thestig84

246 posts

218 months

Friday 9th January 2009
quotequote all
Any more info?

I think its just the first of many with the testing ban and other cost cutting measures coming in. Bad news but hopefully it will firm up the team and the remaining jobs.

Ramthorne

4,229 posts

245 months

Friday 9th January 2009
quotequote all
They have already had a 5% paycut.

Patrick1964

Original Poster:

746 posts

260 months

Friday 9th January 2009
quotequote all
90 odd redundancies announced this PM, according to a pal who works there. Not good news in a specialised industry.

F355GTS

3,870 posts

284 months

Friday 9th January 2009
quotequote all
frown

have a friend who works there although he's currently working notice and on the way to Mclaren

2 sMoKiN bArReLs

32,007 posts

264 months

Friday 9th January 2009
quotequote all
Just about every company in the world is trimming at the moment...that's just how it is!

anonymous-user

83 months

Friday 9th January 2009
quotequote all
2 sMoKiN bArReLs said:
Just about every company in the world is trimming at the moment...that's just how it is!
Indeed, although i am fortunate that where i work seems to be snowed under at the moment!

kevin ritson

3,423 posts

256 months

Friday 9th January 2009
quotequote all
It's not nice but F1 teams are massively overstaffed and TBH the alternative is closure if costs don't continue to be cut.

Still, that will be of no consolation to whoever receives their notice in the next few days. Good luck to all.

groomi

9,331 posts

272 months

Friday 9th January 2009
quotequote all
F355GTS said:
frown

have a friend who works there although he's currently working notice and on the way to Mclaren
I look forward to McLaren being fined another $100million this season then...

entropy

6,441 posts

232 months

Friday 9th January 2009
quotequote all
Patrick1964 said:
Bad news all round......
Good news - no testing, stricter R&D regs

Its a shame but as someone said, F1 teams have been overstaffed over the years.

andyps

7,819 posts

311 months

Friday 9th January 2009
quotequote all
Unfortunately, with the cost cutting measures which are being introduced it is inevitable that there will be redundancies in almost all the F1 teams. They won't need the test team crew, less people to work the wind tunnels, less people on the engine and transmission development side, less people on aero development etc. etc.

It is a real shame for all those affected, especially as many probably have pretty specialist skills which may not be easily transferable to other organisations. I don't suppose MM cares about that side of his plans however.

heebeegeetee

30,142 posts

277 months

Saturday 10th January 2009
quotequote all
groomi said:
F355GTS said:
frown

have a friend who works there although he's currently working notice and on the way to Mclaren
I look forward to McLaren being fined another $100million this season then...
Yeah, when they get caught with all the McLaren info that Renault had. biggrin

Dr JonboyG

2,561 posts

268 months

Saturday 10th January 2009
quotequote all
It is very sad for those who are losing their jobs, but when people talk about reducing F1 expenditure from 200 million a year to 50 million a year, then massively reducing headcount is going to be an implicit part of that. When you're not running a wind tunnel 24 hours a day and you're cutting CFD processing and eliminating in season testing, then of course you're going to be letting a lot of people go.

You can't keep 800-1000 people on the team and halve the budget, it doesn't add up.