This week, Renault Formula 1 announced measures to reduce partial or total activity at its two sites in France and the UK.
Like Williams, Racing Point, Haas, Alfa Romeo and McLaren, the Renault team is seeking to reduce its operating costs as much as possible during this unique period when no team is receiving income from the absence of racing.
Consequently, Renault F1 has decided to use partial operations at its Viry-Châtillon plant in France for a minimum period of 12 weeks, which may be reduced or extended as the situation evolves.
In England, for its Enstone plant, Renault F1 has taken even more drastic measures, since the vast majority of its staff was placed on short-time working until the end of May.
For Cyril Abiteboul, the managing director of Renault Sport Racing, these measures were necessary in order to get through this period of inactivity as well as possible, while it is not yet possible to measure the impact on F1.
The primary fear is that the French works team simply won’t have enough cash in the bank to continue its operations after the crisis is done. The Renault team are known to work to a very tight racing budget compared to the other manufacturers in Formula 1, and this restricted spend doesn’t assist the team during an uncertain period of near zero revenue.
“The very difficult human and health conditions we are experiencing and the strict compliance with containment regulations in France and England, as well as in most of the Grand Prix organising countries, do not yet make it possible to measure the impact on our sport. ” explained Cyril Abiteboul, Renault Sport Racing’s managing director.
“It is therefore essential that we use all the measures available to us in order to get through this prolonged period of uncertainty and inactivity in the best possible way, while at the same time preserving our entire team, which we have built up over the last four years. ”
In addition to these measures, management salaries will be reduced by 20%, as well as those of drivers Daniel Ricciardo and Esteban Ocon.
Moss: The GP victory you need to know about driving a Mercedes
Today we have the sad and tragic news that Sir Stirling Moss has passed away, truly a legend of the sport and one of the greatest ever Formula 1 Grand Prix drivers in history.
As a tribute to this incredible driver, TJ13 has republished an…… READ MORE ON THIS STORY