Renault To Make Redundancies In Wake Of World Economic Issues
Renault F1 Team have admitted to ESPN Sports that they are going to make redundancies in the wake of the world economic slowdown and also with the rule changes that have taken place.
The Enstone based team, which launched the R29 just last week have said that 100 staff will be made redundant, some compulsory and some voluntary.
The team confirmed that the whole restructuring plan was “as a consequence of the rule changes in F1” and that the plan “comprises of a certainvolume of redundancies which must take place”
The losses are said to be limited to the test team and aerodynamic departments.
Meanwhile, the future of the team has been cast into doubt after paddock rumour is claiming that the Renault bosses want this to be their final season.
Bernard Rey, president of Renault has said the manufacturer will continue its support for “this season”. Also, customer Renault engines currently being supplied to Red Bull Racing will continue for 2009 only.
With Flavio Briatore considering retirement, and Fernando Alonso almost certainly leaving and going to Ferrari in 2010 there is a good chance this will be it for the team.