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McLaren Group to lay off 1200 employees amid restructure

The move has come in the wake of the coronavirus pandemic and the imminent arrival of a cost cap in F1 from next year.
The Woking-based outfit has taken a financial hit from the pandemic, which has affected car sales hard and forced the F1 season to be suspended.
The team announced on Tuesday that it was to begin a consultation period with staff to finalise the steps that would be taken, but ...Keep reading

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