Zoom Cost cutting will mean job losses in the industry

Ferrari's F1 team is not yet laying off staff, despite recent changes to the regulations designed to slash operating costs in the sport.

F1 teams' engine and aerodynamic programmes have been forcibly cut back by the new measures, and all testing between late March and November banned.

But Technical Director Aldo Costa said Ferrari will not rush into any changes to reduce staff numbers, which at some teams are close to 1000.

"The rules have changed only recently so before taking decisions too quickly, like reducing the number of staff, we need to pay close attention to our working methods and then not take too radical decisions," he said at the launch of the new F60.

It is understood that most other teams are also yet to cut back staff numbers in any serious way, although the expected number to depart during the course of the following months is about 100 per big team.

Team boss Stefano Domenicali said one of the discussions of the teams' FOTA alliance is 'when and how' to put a cap on the number of staff that travel to races.

"It is clear the aim must be to do it in a way where it doesn't affect us from a technical point of the view," he said.

Source: GMM
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