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McLaren to shed 25 percent of staff as coronavirus slowdown bites

26-May-2020 10:00:00 | High Gear

McLaren announced Tuesday plans to cut 1,200 jobs, or roughly 25 percent of its staff, as part of a restructuring that will affect all of the company's divisions. The company blamed the Covid-19 coronavirus pandemic and the resulting loss of revenue from canceled Formula One races and suspended manufacturing and retail operations for the majority...