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Reuters
Reuters
Business

Haas furlough UK staff, fifth F1 team to do so

FILE PHOTO: Formula One F1 - Pre Season Testing - Circuit de Barcelona-Catalunya, Barcelona, Spain - February 19, 2020 Haas' Kevin Magnussen and Romain Grosjean pose with the team owner Gene Haas alongside the new car REUTERS/Albert Gea

The U.S.-owned Haas Formula One team have furloughed most of their British-based employees, meaning half of the grid has now taken similar measures in response to the new coronavirus pandemic.

McLaren, Williams, Racing Point and Renault had already furloughed staff.

Seven of the 10 teams are based in Britain, with only champions Mercedes and Red Bull yet to announce salary reductions.

FILE PHOTO: Formula One F1 - Pre Season Testing - Circuit de Barcelona-Catalunya, Barcelona, Spain - February 26, 2020 Haas' Romain Grosjean is pushed into the pits during testing REUTERS/Albert Gea/File Photo

The website said Haas drivers Kevin Magnussen and Romain Grosjean were also believed to have agreed to a pay cut.

Under the British government's furlough scheme, employers can claim for 80% of employees' usual monthly wage costs up to 2,500 pounds per month.

Formula One teams are currently on a mandatory factory shutdown, brought forward from August in the hope of using the European summer to reschedule some of the postponed races.

The season has yet to start, and Formula One bosses are looking at a range of options, including holding races into the New Year if necessary.

(Reporting by Alan Baldwin; Editing by Hugh Lawson)

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