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.
8:30am Thursday 3rd September 2015
AN 880-PUPIL free school in Oxford has been hailed as the beginning of a new solution to the county’s shortage of places.
11:57am Thursday 3rd September 2015
A MAN and a boy have been charged on suspicion of burglary from a funeral parlour in Wantage.
9:00am Thursday 3rd September 2015
AN ANIMAL charity in Oxfordshire has launched an appeal to find a new home for one pet every hour by the end of the year.
8:00am Thursday 3rd September 2015
WITH his surname, Jonathan Wynn was never going to settle for second best when he appeared on TV word game Countdown.
7:00am Thursday 3rd September 2015
A WOMAN who found a camera in the shower of a hotel says she feels disgusted by the incident.
6:30am Thursday 3rd September 2015
THE mother of one of the victims of the Bullfinch gang has described £16,500 compensation offered to her daughter as “utterly disgusting.”