RACING
McLaren’s Norris and Sainz Take Voluntary Pay Cuts
Both Lando Norris and Carlos Sainz have both agreed to take voluntary pay cuts during the pandemic crisis that is caused by coronavirus.
The first 8 races of the Formula 1 2020 season have been cancelled or postponed to a later date the friendly teammates took the pay cut as some of the McLaren team fall on financial pressure due to lack of track action.
It is still too early to tell what the end result or total impact of the virus will have on teams that are already running lower budgets and don’t have many secondary sources of income to help keep payroll flowing comfortably.
Many McLaren employees at this time have been furloughed only for temporary means during the crisis. McLaren has also announced that a few senior management figures have alow taken salary or pay reductions. One being the CEO Zak Brown.
