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Latest NewsEconomics, government & businessJob creation and losses

Brawn GP F1 racing team wins dream race then cuts 270 UK jobs

by Louisa Peacock 30 Mar 2009
by Louisa Peacock 30 Mar 2009

Jenson Button’s Formula One team is making more than a third of its staff redundant, cutting 270 jobs.

The Australian Grand Prix winner’s Brawn GP announced the losses just hours after Button and Rubens Barrichello completed a fairytale first- and second-place finish in Melbourne yesterday in the opening race of the F1 season.

Chief executive of Brawn, Nick Fry, said: “It’s very unfortunate that we’ve got to do that but it’s the change of technical regulations and obviously we are now a private team.” The jobs will go from the team’s Brackley factory in England.

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Fry added: “We are about 700 people at the moment and we talked to the staff about going down to about 430 – something like that – which is where we [the firm’s predecessors BAR] were in 2004.”

The president of motorsport’s governing body the FIA, Max Mosely has repeatedly for called for F1 teams to operate with less staff.

Louisa Peacock

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