Williams have announced that drivers George Russell and Nicholas Latifi have joined senior management in taking 20 per cent pay cuts as the team moves to furlough a number of staff during the coronavirus lockdown.
The F1 season is yet to get under way due to the pandemic, with no races scheduled until at least June 14, with the Canadian Grand Prix currently remaining on the schedule.
“Due to the ongoing situation involving Covid-19, ROKiT Williams Racing is temporarily furloughing a number of employees as part of a wider range of cost-cutting measures,” a team statement said.
Due to the ongoing situation involving Covid-19, ROKiT Williams Racing is temporarily furloughing a number of employees as part of a wider-range of cost-cutting measures.
Full statement 👇
— ROKiT WILLIAMS RACING (@WilliamsRacing) April 6, 2020
“The furlough period will last until the end of May whilst senior management, and our drivers, have taken a pay cut of 20% effective from 1st April.”
The statement added: “These decisions have not been taken lightly, however our aim is to protect the jobs of our staff at Grove and ensuring they can return to full-time work when the situation allows.”
The decision from Williams – who finished last in the Constructors’ Championship last season – follows a similar move from McLaren last week.
The Woking-based team have placed a number of staff on furlough while drivers Carlos Sainz and Lando Norris joined those staff members who continue to work in taking a salary reduction.