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Sport Carey takes pay cut as F1 puts over 200 on furlough

13:25  07 april  2020
13:25  07 april  2020 Source:   skysports.com

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Chase Carey wearing a suit and tie: Chase Carey has said F1 is fully committed to returning to the track at the earliest opportunity © Getty Chase Carey has said F1 is fully committed to returning to the track at the earliest opportunity

Formula One chief executive Chase Carey is to take a significant but undisclosed pay cut, with around half of F1's 500 staff placed on furlough.

Formula One's senior management and executives, including managing director of motorsports and technical director Ross Brawn, are to take 20 per cent pay cut for two months.

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Three F1 teams - Williams, Racing Point and McLaren - have already put sections of their workforce on temporary leave, with each of their drivers taking a pay cut.

F1's teams are officially in a period where they can exercise three-week factory shutdowns after the sport's summer break was brought forward.

That currently runs until the end of April but is expected to be extended amid the uncertain plans surrounding the start of the 2020 season.

The new campaign is currently not scheduled until at least the middle of June owing to the coronavirus pandemic.

Stay at home to stop coronavirus spreading - here is what you can and can't do. If you think you have the virus, don't go to the GP or hospital, stay indoors and get advice online. Only call NHS 111 if you cannot cope with your symptoms at home; your condition gets worse; or your symptoms do not get better after seven days. In parts of Wales where 111 isn't available, call NHS Direct on 0845 46 47. In Scotland, anyone with symptoms is advised to self-isolate for seven days. In Northern Ireland, call your GP.

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