McLaren announced Tuesday plans to cut 1,200 jobs, or roughly 25 percent of its staff, as part of a restructuring that will affect all of the company's divisions. The company blamed the Covid-19 coronavirus pandemic and the resulting loss of revenue from canceled Formula One races and suspended manufacturing and retail operations for the majority...
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Tuesday, May 26, 2020
McLaren to shed 25 percent of staff as coronavirus slowdown bites
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