The company was severely affected by the coronavirus.
COVID-19 hurt all automakers, both large and niche, premium and mass. While some brands, the pandemic has hit particularly hard, and apparently one of them was McLaren.
Earlier this month the BBC reported that a British manufacturer of sports cars can lay his factory and a collection of historic cars for the sake of obtaining a large loan, which would help to survive the crisis. Now, the same source claims that the financial situation of the brand was worse than expected, as due to the coronavirus greatly subsided revenues from sales and advertising.
Of the approximately 4 000 employees more than 1 200 McLaren can remain without work. The bulk of the cuts will take place in the UK. Of the 800 people employed in the “formula” division, fired about 70 in 2021, the reduction will continue in the framework of the program of reduction of expenses on Motorsport, which was agreed to by all teams. Chairman of the Board of McLaren Paul Walsh said that the workforce reduction is inevitable – choice the company does.
Earlier also it was reported that the coronavirus will affect the business plan McLaren known as Track25. While the two models announced for 2020, still preparing for the production of all future planned premiere can postpone indefinitely.