McLaren is to make 1,200 personnel redundant, shedding a quarter of its workforce “to ensure its long-lasting future success.” The move comes as the Covid 19 pandemic effects sales across all echelons of the industry, while McLaren has likewise been hit by many F1 races being cancelled or postponed, as well as a revised calendar of behind-closed-doors events still yet to be agreed.
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The Woking-based business stated redundancies would comply with a consultation period, as well as will come from its Applied, Automotive as well as Racing businesses, with back-office as well as support functions likewise impacted.
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McLaren’s executive chairman, Paul Walsh, said: “We deeply regret the effect that this restructure will have on all our people, however particularly those whose tasks may be affected.” Walsh added the firm had “worked difficult to avoid” redundancies, however McLaren had “no choice” however to make the layoffs, which comply with a series of “dramatic cost-saving measures across all areas of the business.”
Even before coronavirus hit, the automotive sector was going with considerable changes. Nissan verified 12,500 layoffs globally last summer, with Jaguar confirming 4,500 redundancies at the begin of last year, as well as Ford shedding 12,000 European roles.
McLaren’s redundancies comply with weeks of uncertainty as well as instability, with factories shutting down as well as dealerships closed. Lockdown measures are now beginning to simplicity – plants are restarting as well as dealerships can reopen their doors once again from 1 June – however the disruption to the economic climate was evident in April’s new-car registrations, which were down 97.3 per cent, to trace levels.
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