Coronavirus F1: Lewis Hamilton, Sebastian Vettel to take pay cuts as F1 teams struggle

With sign of Formula 1 season getting underway due to coronavirus pandemic, drivers are currently enjoying ir time with family members being in self-isolation.  While drivers are keeping mselves away from coronavirus pandemic, F1 factory shutdown could be extended due to coronavirus pandemic to solve financial headaches of teams. According to a report in a leading British media publication, 6-time F1 World champion Lewis Hamilton and Ferrari drivers, Sebastian Vettel and Charles LeClerc will forgo major chunk of ir salary to support team staff members during coronavirus pandemic crisis.

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Coronavirus F1: Lewis Hamilton and Sebastian Vettel to take paycut 

According to British media reports, Lewis Hamilton and Ferrari drivers Sebastian Vettel and Charles LeClerc will follow McLaren drivers Lando rris and Carlos Sainz in terms of taking a pay cut. report mentions that coronavirus F1 effect will see Hamilton is willing let go off a chunk of his £40 million ($49.4 million) ws, even though discussions are at a preliminary st. Ferrari's Sebastian Vettel, who earns £35 million ($43.3 million) a year, and Charles Leclerc, who earn £8 million ($9.9 million) are also in talks about reducing ir earnings.

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Coronavirus F1: McLaren Group furloughs employees

McLaren Group, in its official statement, anunced on Wednesday that y are temporarily furloughing a number of employees as part of wider cost-cutting measures due to impact of Covid-19 lockdown on its business. It furr said that measures are taken as team is focused on protecting jobs in short-term to ensure  employees return to full-time work as ecomy recovers.

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Coronavirus F1: McLaren asked for Australian GP to be cancelled 

coronavirus F1 impact was seen ahead of Australian GP when McLaren withdrew from race because a team member tested positive for COVID-19 illness. coronavirus F1 factor ahead of Australian GP witnessed world champion Lewis Hamilton’s Mercedes team sending a letter to FIA and F1 requesting cancellation of  Australian GP and preparations to leave. Ultimately, it was McLaren’s withdrawal that led to cancellation.

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