In addition, senior staff are to take a 20% pay cut, with CEO Chase Carey likely to take more of a voluntary reduction.
F1 is facing a financial meltdown in 2020 – and the prospect of virtually no income should the season be lost completely.
It forfeits the hosting fees of cancelled races, and as the event total falls below 15 broadcasters will have to be refunded on a sliding ...Keep reading
Read more: F1 organisation puts staff on furlough as bosses take pay cut - Motorsport.com
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