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 Saturday 28th November 2015
ROAD safety campaigners say they are “astonished” that drivers with as many as 51 points on their licences are still allowed on the county’s roads.
9:00am Saturday 28th November 2015
YOUNGSTERS at an Oxfordshire primary school could finally be able to tuck into their hot dinners in a dining hall after the Prime Minister came to their aid.
8:00am Saturday 28th November 2015
BAYS in Frideswide Square will be “tweaked” after bus companies complained they were too small to safely accommodate vehicles.
6:30am Saturday 28th November 2015
IT HAS called Cowley Road home for the past 90 years, but on Monday family-run Oxford timber merchant W G Powell will close its doors for the last time.
6:00am Saturday 28th November 2015
ALL over Oxfordshire thousands of older people are fighting one of the cruellest but hardest-to-spot maladies of all: loneliness.
12:09pm Friday 27th November 2015
TWO men have been arrested in connection with the murder of Kerry Reeves, 26, in Abingdon earlier this month.