Honda Workers Agree with 3% Pay Cut
18 May 2009, 12:24 UTC · By: Bogdan Popa / Honda is still struggling to tackle the economic recession and, as part of its efforts, it recently asked workers at the Swindon factory to agree with a temporary 3 percent pay cut. The reason? Hond...
Haug Receives 30 Percent Pay Cut from Mercedes
5 May 2009, 07:14 UTC · By: Ovidiu Panzariu / Mercedes' motorsport director Norbert Haug revealed that he has a 30 percent lower salary compared to the 2008 season. Earlier this year, Renault boss Flavio Briatore announced a similar move o...
Briatore Accepts Pay Cut from Renault
14 Apr 2009, 10:16 UTC · By: Ovidiu Panzariu / Flavio Briatore has also committed to a pay cut in the wake of the financial difficulties endured by Renault for their F1 operations. The Italian team boss has therefore taken the example of 2-time ...
Ford Workers Approve Contract Changes
10 Mar 2009, 07:59 UTC · By: Daniel Patrascu / The only company that did not seek government help out of the Big Three has set yet another milestone in the crisis driven automotive industry. Ford Motor and its unionized workers have come to an a...
Button to Accept 50% Pay Cut in 2009
27 Feb 2009, 16:04 UTC · By: Ovidiu Panzariu / British driver Jenson Button is ready to accept a drastic pay cut ahead of the 2009 season in order to help his team survive financially through the upcoming year. As it recently emerged from severa...