Get involved: send your photos, videos, news & views by texting 'OXFORD NEWS' to 80360 or email
Redundancies at F1 team
8:40am Friday 18th July 2014 in News
LEAFIELD-based Formula 1 team Caterham has announced 40 staff redundancies.
It comes after it was bought up by a consortium of Swiss and Middle Eastern investors from Malaysian entrepreneur Tony Fernandes.
A Caterham spokesman said it was “a necessary step taken by the new owners... whose priority is the future of the team”.
The news was broken to employees earlier this week as the team prepared for Sunday’s German Grand Prix at Hockenheim.
- Our top stories: