Home Business NewsBusinessAutomotive News Supercar maker McLaren axes 1,200 jobs

Supercar maker McLaren axes 1,200 jobs

by LLB Reporter
26th May 20 1:10 pm

McLaren Group have announced they are to axe 1,200 across their operations as they have been “severely affected by the current pandemic.”

The statement added, “The cancellation of motorsport events, the suspension of manufacturing and retail activities around the world and reduced demand for technology solutions have all led to a sudden impact on the group’s revenue-generating activities.”

McLaren said the new annual spending cap for Formula One teams has also led to the huge job losses at the Surrey based firm

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