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Motorsport Week
Home Single Seater Formula 1

Williams furloughs staff as management and drivers take pay cut

by Ryan Wood
5 years ago
A A
Williams furloughs staff as management and drivers take pay cut

(L to R): George Russell (GBR) Williams Racing with team mate Nicholas Latifi (CDN) Williams Racing. Australian Grand Prix, Thursday 12th March 2020. Albert Park, Melbourne, Australia.

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Williams has confirmed that it has furloughed “some” of its staff, following in the footsteps of the McLaren Formula 1 team.

As with McLaren, Williams’ senior management and its drivers, George Russell and Nicholas Latifi, have also agreed to take a pay cut in an effort to reduce costs for the team.

“Due to the ongoing situation involving Covid-19, ROKiT Williams Racing is temporarily furloughing a number of employees as part of a wider range of cost-cutting measures,” the team confirmed in a brief statement.

“The furlough period will last until the end of May whilst senior management, and our drivers, have taken a pay cut of 20% effective from 1st April.

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“These decisions have not been taken lightly, however our aim is to protect the jobs of our staff at Grove and ensuring they can return to full-time work when the situation allows.”

The British government has put a scheme in place which allows companies to furlough staff – effectively placing them on unpaid leave – for a period of up to three months. The government will then step in to pay 80 per cent of their wages up to £2,500 a month ($3,030), with employers urged to pay the remaining 20 per cent, though they are not mandated to.

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