Abu Dhabi

Last Race: 23rd Nov Abu Dhabi

Abu Dhabi GP Results
Pos Driver
1 Lewis Hamilton
2 Felipe Massa
3 Valtteri Bottas

Caterham confirm job losses

Thursday 17th July 2014

Share:

Team principal Christijan Albers

Team principal Christijan Albers

Caterham have confirmed that they have "parted company with a number of employees" in the wake of the buyout of the team.

Tony Fernandes concluded the sale of the Caterham F1 team to a consortium in the build-up to the British Grand Prix.

According to reports, that sale resulted in the loss of 40 jobs, a number Caterham have refused to confirm.

"The team has confirmed that it has parted company with a number of employees," the team said in a statement.

"This is a necessary step taken by the new owners of Caterham F1 Team whose priority is the future of the team. No further comment will be made at this time."

At the same time Caterham announced that Christijan Albers is now team principal, supported by Manfredi Ravetto, general manager and deputy team principal, while Simon Shinkins has joined as the new COO.

Added to that John Iley is been appointed the team's technical director, leading the work being done to improve the 2014 car and the 2015 new car project.

Keeping Cool In Abu Dhabi

Editor's Picks

Gallery: Title Celebrations

Gallery: Title Celebrations

Lewis, his family and Mercedes all celebrated the Brit's 2014 Drivers' Championship success in Abu Dhabi...

Winners & Losers: Abu Dhabi

Winners & Losers: Abu Dhabi

Lewis Hamilton finally achieved the points difference that all his 2014 performances have justified...

The 2014 Season In Numbers

The 2014 Season In Numbers

The Championships both went to Mercedes with Lewis Hamilton securing the drivers. But who finished P6? Find out...

NTF1News: Disney Movie

NTF1News: Disney Movie

Among news items this week, tales of the Honey Badger, plus Disney's new movie about the engine row - Un-Frozen...

Winners & Losers: Brazilian GP

Winners & Losers: Brazilian GP

Nico Rosberg kept his lock-ups to a minimum as Turn 4 came back to haunt Lewis Hamilton at Interlagos...