Renault have furloughed most of their British-based Formula One race team until the end of May due to the COVID-19 pandemic, with management also ...
Renault have furloughed most of their British-based Formula One race team until the end of May due to the COVID-19 pandemic, with management also taking a pay cut, the French carmaker announced on Friday.
Renault said the engine factory at Viry-Chatillon in France had moved to a part-time schedule from April 6 for a provisional 12 weeks."Renault Sport Racing has decided to retrospectively apply for the Job Retention Scheme set up by the British government," it said in a statement. Renault, whose F1 drivers are Australian Daniel Ricciardo and Frenchman Esteban Ocon, said it would top up the amount allocated by the government to guarantee a minimum of 80per cent of actual salary for all team members.AdvertisementThree other British-based teams - McLaren, Williams and Racing Point - have already announced they are furloughing staff with drivers also taking pay cuts.
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