zzdcar
Home
/
Reviews
/
Racing
/
Caterham F1 Team Lets 230 Of Its Employees Go
Caterham F1 Team Lets 230 Of Its Employees Go-February 2024
2024-02-19 EST 22:11:48

Just after successfully their entry to the final Formula One race of the season at Abu Dhabi, Caterham quietly let its entire 230-member backroom staff go.

This doesn't bode well for their continued existence in 2015, that's for sure.

Per , workers at Caterham F1 have not been paid since September, so this is the final crushing blow for the staff who has faithfully backed the troubled team throughout the end of the season.

As F1 lurches from one financial disaster to another, Caterham have handed redundancy notices to…

Finbarr O'Connell, the representative for the administration firm handling the team's assets, explained that many on the team pushed for "redundancy," which is what the Brits call a good ol' fashioned layoff. In remarks to The Observer, as reported in The Guardian:

It is a crazy situation but the most ironic thing is that the majority of the team were pressing me to make them redundant so their redundancy claim forms could be up and running while I try to sell the team. If I sell the team they will be re-employed by the purchaser and those claim forms will effectively be ripped up.

Not everyone is happy about this, though, as there is no guarantee the buyer for the team will rehire anybody. Senior aerodynamicist Jim McManus explains to The Guardian:

It is dismaying to see the amount of publicity surrounding the success of the crowdfunding on the same day that the entire workforce was made redundant while owed seven weeks' salary. The cynic in me would suggest that the two are not unrelated, and the good news has served as a convenient opportunity to bury the bad news. Some actively indicated that they did not want to be made redundant.

1MRT was the corporate entity that controls the workforce, and Finbarr O'Connell could not issue redundancy letters until just now because he was only recently appointed the administrator over 1MRT's assets.

This is perhaps the most crushing part of any team going under: the dedicated staff behind them is left looking for work.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Racing
Bourdais' Indy 500 Fill-In Should Have Been The Guy Who Let Alonso Drive
Bourdais' Indy 500 Fill-In Should Have Been The Guy Who Let Alonso Drive
Much of the hype surrounding this year’s Indianapolis 500 is thanks to Stefan Wilson. Wilson in order for two-time Formula One champion Fernando Alonso to have a go in the car he was originally going to run. So, why wasn’t Wilson first on the list to fill in for injured...
Feb 1, 2026
World's Least Lucky Rally Car Rolls Over Right Before Finish Line
World's Least Lucky Rally Car Rolls Over Right Before Finish Line
If there’s any greater pain than crashing out of a race, it’s crashing when you’re so close to finishing that you can see the finish line. World Rally Championship-2 driver Quentin Gilbert was the unluckiest of them all on the big Fafe jump on Stage 16 of this weekend’s Rally...
Feb 1, 2026
NASCAR Finally Adds A Road Course To The Playoffs
NASCAR Finally Adds A Road Course To The Playoffs
It’s always felt weird that NASCAR has a couple road courses on their schedule, but none in their championship-deciding playoffs. They included a restrictor-plate track—Talladega—but no road course. That is, until next year. Charlotte Motor Speedway’s road course is coming to the playoffs. NASCAR a host of tweaks to its...
Feb 1, 2026
Volkswagen's Last Rally Winner Finally Lands In A 2017 WRC Car
Volkswagen's Last Rally Winner Finally Lands In A 2017 WRC Car
One of the biggest travesties of the Volkswagen World Rally Championship team shutting down was that it left its very last rally winner, , without a ride for 2017. His more experienced teammates Sébastien Ogier and Jari-Matti Latvala easily landed on other teams, but Mikkelsen was out of top-level work....
Feb 1, 2026
This Is The Kind Of Driving That Actually Makes You Piss Blood
This Is The Kind Of Driving That Actually Makes You Piss Blood
The is famous for its obscene length, dangerous routes and off-road cargo trucks racing each other across ridiculous terrain. We usually see these things leaping majestically in slow-motion, but not here. This seven-second clip feels like a much more realistic version of what big truck racing’s really like. Ouch. Ouch....
Feb 1, 2026
This Photographer Shoots 230 MPH Formula One Cars On A Camera From 1913
This Photographer Shoots 230 MPH Formula One Cars On A Camera From 1913
In a sport known for cars that , it’s hard to catch one on a modern smartphone camera without it being a blur. But one photographer lugs a seven-pound camera that’s over 100 years old around Formula One circuits, all to shoot with its two “‘slow’ and ‘kind of slow’...
Feb 1, 2026
Copyright 2023-2026 - www.zzdcar.com All Rights Reserved