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.
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6:24pm Saturday 22nd November 2014
TWO men were assaulted in Oxford city centre last weekend.
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4:00pm Saturday 22nd November 2014
Just what have our thought-provoking columnists been writing about this week? Catch up with our interactive collage giving you a choice from 9 of the best
3:00pm Saturday 22nd November 2014
We've had some wonderful pictures this week - here's our interactive spread with links to the stories behind the photos
11:19am Saturday 22nd November 2014
Callers to the police's non-emergency 101 number are being urged to stay on the line despite problems.
9:30am Saturday 22nd November 2014
Michael Appleton says Oxford United will need to be intelligent if they are to keep heavyweight striker Adebayo Akinfenwa quiet for AFC Wimbledon today.
11:34am Friday 21st November 2014
Six things you may not have known were happening in Oxfordshire this weekend.