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Discussion in 'Other Racing' started by brian.s, Feb 5, 2009.

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  1. brian.s

    brian.s F1 Rookie
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    #1 brian.s, Feb 5, 2009
    Friend working for a prominent IRL team tells me that the 'boss' called all employees together and announced a 25% pay CUT across the board or some redundancies.

    Wonder if his other interests are taking similar cuts?
     
  2. futureowner

    futureowner Formula 3

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    #2 futureowner, Feb 5, 2009
    As much as it sucks, 25% less is better than no job at all. Not an easy time to be in racing I'm sure, not really an easy time to be in any profession for that matter.
     
  3. bowbells

    bowbells Formula Junior

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    #3 bowbells, Feb 5, 2009
    B. it was actually 20% in the shop. Maybe we should have won the 24?
     
  4. brian.s

    brian.s F1 Rookie
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    #4 brian.s, Feb 5, 2009
    Arthur did the NC shop get the same?
     
  5. GuyIncognito

    GuyIncognito Nine Time F1 World Champ
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    #5 GuyIncognito, Feb 5, 2009
    would this boss be from a city that recently won the Superbowl, and have the initials C.G.?

    was this prompted by a loss of sponsorship, MFR support, etc?
     
  6. brian.s

    brian.s F1 Rookie
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    #6 brian.s, Feb 6, 2009
    I think all teams are looking to cut overhead dramatically, this town has a surplus of racing techs/support people at the moment as do the Carolinas. The team of which I speak certainly have a 'target' to cut expenses.
     
  7. rdefabri

    rdefabri Three Time F1 World Champ

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    #7 rdefabri, Feb 6, 2009
    Rumor had it that this team was losing the prominent sponsorship for the IRL team - is that true?

    Pay cut is better than no job, but the IRL has many woes so this isn't unexpected. Hopefully, the good people working with these teams can hang on - it's tough out there.
     
  8. brian.s

    brian.s F1 Rookie
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    #8 brian.s, Feb 6, 2009
    That I am not privvy to. I know that when Newman-Haas takes Milkme Duno it's a money grab thing so economy is affecting them. No more deep pockets at the series owners anymore, Tony G.and Brian France especially.
     
  9. rdefabri

    rdefabri Three Time F1 World Champ

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    #9 rdefabri, Feb 6, 2009
    TG is getting pressure from his family. I only read about the France pull back today, but again - totally understandable
     
  10. ZUL8TR

    ZUL8TR Formula 3

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    #10 ZUL8TR, Feb 8, 2009
    oh please say it isn't so?!?

    I think Paul Newman would be rolling over in his grave if that happened.
     
  11. the_stig

    the_stig F1 Rookie

    Sep 19, 2005
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    #11 the_stig, Feb 8, 2009
    Robin Miller reported this in his column almost a week ago.
     
  12. Whisky

    Whisky Three Time F1 World Champ
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    #12 Whisky, Feb 9, 2009
    You mean cheap-ass Letterman didn't grab her ?
     
  13. Neonzapper

    Neonzapper F1 Rookie

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    #13 Neonzapper, Feb 15, 2009
    Letterman only made $35 M last yr. ... He's hurtin', too! :)
     

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