Zoom Virtually every team will be losing staff

Toyota will shed up to 150 Formula One staff at its Cologne headquarters by the end of 2009, team President John Howett has revealed.

The local newspaper Express said the cuts are a reaction to the diminished F1 budget, brought on by rule changes including the test ban and restrictions on wind tunnel use.

"I estimate that by the end of the year we will have around 100 to 150 fewer workers compared to the beginning of the year," Howett is quoted as saying.

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Source: GMM