Redundancies at F1 team

Redundancies at F1 team

Redundancies at F1 team

First published in News
Last updated

LEAFIELD-based Formula 1 team Caterham has announced 40 staff redundancies.

It comes after it was bought up by a consortium of Swiss and Middle Eastern investors from Malaysian entrepreneur Tony Fernandes.

A Caterham spokesman said it was “a necessary step taken by the new owners... whose priority is the future of the team”.

The news was broken to employees earlier this week as the team prepared for Sunday’s German Grand Prix at Hockenheim.

  • Our top stories:

Jayden trial: Jake Blakeley tells jury his killer brother was evil

Oxford Mail: Jake Blakeley, 18, from Didcot

8:00am Saturday 24th January 2015

A TEENAGER accused of helping his brother bury the body of Jayden Parkinson wept in the dock as he was told to look at photos of the two graves.

'I'm glad my evil ex has been jailed for injuring me'

Oxford Mail:

9:00am Saturday 24th January 2015

A WOMAN left with life-changing injuries after her violent boyfriend pulled her car’s handbrake on the A40 said she is glad the “evil” man has been jailed.

Johnny Mullins backing Oxford United's quality

Oxford Mail: Johnny Mullins

9:00am Saturday 24th January 2015

Johnny Mullins says Oxford United’s squad have the quality to get themselves out of trouble even without help from new signings.

Haggis and a wee dram on menu for Burns Night

Oxford Mail:

8:30am Saturday 24th January 2015

FAMILIES and friends across Oxford are coming together to celebrate Sunday’s Burns Night in style.

Delight at decision to replace whole water pipe in Normandy Crescent

Oxford Mail:

8:30am Saturday 24th January 2015

RESIDENTS have welcomed Thames Water’s decision to replace the water pipe running through a flood-blighted street as “a step in the right direction.”

A34 northbound re-opened after lorry crash

Oxford Mail:

8:28am Saturday 24th January 2015

THE A34 northbound between Marcham and Milton re-opened this evening after the road was closed when a lorry crashed into a ditch last night.

Comments

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree