McLaren, the British supercar giant, is also about to lay off staff.
On May 26th local time, according to Reuters, McLaren Group, a British super sports car manufacturer with a Formula 1 team affected by the new coronary pneumonia epidemic, has announced It is planned to lay off 1,200 employees, accounting for about 25% of its total employees.
The McLaren Group is headquartered in Surrey, UK, and has a total of about 4,000 employees. The layoffs of 1,200 involved the Formula One team (F1), road cars and The three main business segments of applied technology, most of which are in the UK.
McLaren ’s Formula One team is the second-largest successful team after Ferrari in motorsports, with more than 800 employees, this time is expected to lay off 70 People around. Earlier this month, the team just announced plans to reduce its annual cost cap from US $ 175 million to US $ 145 million in 2021 to cut costs to maintain the operation of 10 fleets.
McLaren Group said in a statement that the cancellation of motorsport activities, the suspension of global manufacturing and retail activities and the reduction in demand for technical solutions have caused the group ’s Revenue has been greatly reduced.
Paul Walsh, Executive Chairman of the McLaren Group, said: “Layoffs are actions we have always tried to avoid. We have taken action in all areas Cost-saving measures. But we have no choice but to reduce the number of employees. ”
In order to overcome the impact of the epidemic, according to the British Sky News on May 14, McLaren Group is also seeking to pass its headquarters and many of its classic models. The car is used as a mortgage to raise 275 million pounds (about 2.419 billion yuan) of funds.