Williams are latest Formula One team to furlough staff


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Williams became the second Formula One team to furlough some staff because of the coronavirus crisis as drivers George Russell and Nicholas Latifi agreed to cut their wages by 20 per cent.

The 2020 season has been delayed because of the pandemic and British-based Williams announced their cost-cutting moves a week after McLaren opted to take the same financial measures.

Canadian Latifi and Briton Russell, along with senior Williams executives, have taken a 20 per cent pay cut, with the other staff put on an enforced leave until the end of May.

McLaren drivers Carlos Sainz and Lando Norris took voluntary pay cuts last week.

"Due to the ongoing situation involving Covid-19, ROKiT Williams Racing is temporarily furloughing a number of employees as part of a wider range of cost-cutting measures," a Williams statement said.

"The furlough period will last until the end of May while senior management, and our drivers, have taken a pay cut of 20 per cent effective from April 1.

"These decisions have not been taken lightly, however our aim is to protect the jobs of our staff at Grove and ensuring they can return to full-time work when the situation allows."

Last month, the British government said they would pay 80 per cent of salaries for staff who are put on furlough by their employer, covering wages up to £2,500 (Dh11,250) per month in a bid to help companies retain their workforce and prevent redundancies during the health crisis.

But the furlough of non-playing staff by wealthy Premier League football clubs has caused huge controversy.

Liverpool and Tottenham Hotspur are among the top-flight teams to have been criticised for using the government's money to pay staff when they have owners worth millions and players on huge contracts.

F1 team bosses and the sport's management were set to meet on Monday to discuss ways to protect the sport as it suffers a loss of income.

Teams are reportedly discussing a reduction of the budget cap, already due to come into force in 2021 at $175m (Dh642m). But there is disagreement as to whether it should come down to $150m or a lower figure.

As You Were

Liam Gallagher

(Warner Bros)

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Company%20Profile
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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Fight card

Bantamweight

Siyovush Gulmamadov (TJK) v Rey Nacionales (PHI)

Lightweight

Alexandru Chitoran (ROM) v Hussein Fakhir Abed (SYR)

Catch 74kg

Tohir Zhuraev (TJK) v Omar Hussein (JOR)

Strawweight (Female)

Weronika Zygmunt (POL) v Seo Ye-dam (KOR)

Featherweight

Kaan Ofli (TUR) v Walid Laidi (ALG)

Lightweight

Leandro Martins (BRA) v Abdulla Al Bousheiri (KUW)

Welterweight

Ahmad Labban (LEB) v Sofiane Benchohra (ALG)

Bantamweight

Jaures Dea (CAM) v Nawras Abzakh (JOR)

Lightweight

Mohammed Yahya (UAE) v Glen Ranillo (PHI)

Lightweight

Alan Omer (GER) v Aidan Aguilera (AUS)

Welterweight

Mounir Lazzez (TUN) Sasha Palatnikov (HKG)

Featherweight title bout

Romando Dy (PHI) v Lee Do-gyeom (KOR)

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2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

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Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia