McLaren to cut 1,200 jobs as virus hits demand
Image copyright McLaren
UK supercar maker and Formula 1 team McLaren plans to cut more than a quarter of its workforce after the coronavirus crisis hit sales and advertising revenue.
The firm employs about 4,000 people, and of the 1,200 to be made redundant, the vast majority will be in the UK.
Formula 1 racing has been suspended, while orders for McLaren’s supercars have fallen because of…