Motorsport Week
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

Renault furloughs majority of staff, Group CEO takes pay cut

by Phillip Horton
5 years ago
A A
0
Renault furloughs majority of staff, Group CEO takes pay cut

(L to R): Esteban Ocon (FRA) Renault F1 Team and Daniel Ricciardo (AUS) Renault F1 Team - livery reveal. Australian Grand Prix, Wednesday 11th March 2020. Albert Park, Melbourne, Australia.

Share on FacebookShare on Twitter

Renault has confirmed that the ‘vast majority’ of its Formula 1 personnel at Enstone have been furloughed as a consequence of the coronavirus pandemic.

Renault splits its operations across Enstone, in the United Kingdom, and Viry-Chatillon, in France.

Both factories are currently observing shutdown periods in line with the guidelines set out by the FIA in response to the pandemic.

On Friday Renault confirmed that the bulk of its staff at Enstone have been furloughed until at least the end of May.

RelatedPosts

PJ Hyett claims his sixth IMSA pole in just 10 LMP2 class starts Credit: IMSA

PJ Hyett secures pole for the Chevrolet Grand Prix after qualifying at CTMP

54 minutes ago
Alex Lynn fronts Cadillac front row lock out at Interlagos

Alex Lynn fronts Cadillac front row lock out at Interlagos

3 hours ago

Under the UK Government’s Job Retention Scheme the state is liable for 80 per cent of staff salaries, up to £2,500 per month; Renault has confirmed that it will top up any shortfalls to guarantee all staff members receive 80 per cent of their wage.

This also extends to Renault’s management group.

At Viry-Chatillon a part-time schedule will be in place for the next 12 weeks after agreement was reached with employee representatives, under the French working laws.

At a higher level it was confirmed this week that Groupe Renault’s financial dividend for 2019 has been cancelled while its Chairman and Interim CEO have taken 25 per cent pay cuts.

“The very difficult human and sanitary circumstances that we are experiencing and the strict lockdown in France and England, as well as in most of the Grand Prix-organising countries, do not yet allow us to measure the impact on our sport,” said Renault’s Formula 1 team boss Cyril Abiteboul.

“We therefore must use all the measures at our disposal to get through this prolonged period of uncertainty and inactivity as best as we can, while protecting the whole team we have built over the past four years.”

McLaren, Racing Point, Williams and Formula 1 itself has also furloughed staff.

Renault returned to Formula 1 as a works team at the start of 2016.

Share250Tweet124Share

Related Posts

PJ Hyett claims his sixth IMSA pole in just 10 LMP2 class starts Credit: IMSA
IMSA

PJ Hyett secures pole for the Chevrolet Grand Prix after qualifying at CTMP

54 minutes ago
Two pole awards were given out after one session. Photo: Kevin Dejewski
IndyCar

Newgarden, Palou each take pole for IndyCar’s Iowa double-header

3 hours ago
Apple could land the US TV rights to F1
Formula 1

Apple enters F1 US broadcast rights battle after movie success

5 hours ago
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Upcoming Races

#EventDate
13Belgian GP25-27 July
14Hungarian GP01-03 August
15Dutch GP29-31 August
16Italian GP05-07 September
17Azerbaijan GP19-21 September

Click here for the full 2025 F1 calendar

Drivers’  Standings

#DriverPts
Oscar Piastri234
Lando Norris226
Max Verstappen165
George Russell147
Charles Leclerc120
Lewis Hamilton103
Andrea Kimi Antonelli63
Alexander Albon44
Nico Hulkenberg37
Isack Hadjar28

Click here for full Drivers’ Standings

Latest Articles

Apple could land the US TV rights to F1
Formula 1

Apple enters F1 US broadcast rights battle after movie success

July 12, 2025
Arvid Lindblad earns praise from the Red Bull hierarchy after first F1 outing at Silverstone
Formula 1

How Arvid Lindblad impressed Red Bull in maiden F1 outing at British GP

July 12, 2025
Lando Norris (GBR) McLaren MCL39. 04.07.2025. Formula 1 World Championship, Rd 12, British Grand Prix, Silverstone, England, Practice Day
Formula 1

Why Lando Norris can’t quantify reason for rediscovery of F1 form in 2025

July 12, 2025

Follow Motorsport Week

Join our daily motorsport newsletter

* indicates required

Motorsport Week

© 2024 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • 2025 F1 Calendar
    • 2025 F1 Championship Standings
  • Formula E
    • Latest News
    • 2025 FE Calendar
    • 2025 FE Championship Standings
  • MotoGP
    • Latest News
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
    • World Superbikes
  • WRC
    • Latest News
    • 2025 WRC Calendar
    • 2025 WRC Standings
  • IndyCar
    • Latest News
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WEC
    • Latest News
    • 2025 WEC Calendar
  • Live Updates
  • Other
    • IMSA
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
  • Galleries
  • About/Contact
  • Privacy Policy

© 2024 Motorsport Media Services Ltd