Renault Formula One Team

Type
Internal restructuring
Country
United Kingdom
Region
South East (England); Berkshire, Buckinghamshire and Oxfordshire; Oxfordshire CC
Location of affected unit(s)
Enstone
Sector
Arts / Sports
93 - Sports activities and amusement and recreation activities
93 - Sports activities and amusement and recreation activities
93 - Sports activities and amusement and recreation activities
60 jobs
Number of planned job losses
Job loss
Announcement Date
17 February 2009
Employment effect (start)
17 February 2009
Foreseen end date
1 March 2009

Description

Renault Formula One Team, a motorsport team, is planning to cut nearly 20% of its workers. The team, which employs 350 people at Enstone in Oxfordshire, is to reduce its number of employees by 60 as a reaction to the new changes in rules in Formula 1. The jobs are planned to be cut by March.

Sources

  • 17 February 2009: BBC News ()

Citation

Eurofound (2009), Renault Formula One Team, Internal restructuring in United Kingdom, factsheet number 68283, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68283.