Mosley expects F1 redundancies
|Thursday, August 24th 2006, 15:37 GMT|
FIA president Max Mosley believes redundancies will be inevitable as a consequence of the new regulations to be introduced in Formula One.
The sport's governing body has decided to freeze engine development as of next season, and, as revealed by autosport.com, engine makers Cosworth will have to make up to 150 employees redundant at the end of this season.
Mosley expects the new rules to cost a lot of people their jobs.
"There are bound to be redundancies," Mosley told Autosport magazine.
"If you employ 1,000 people to put two cars on the grid 19 times a year, and you can do the same thing with 200 people, at the same level, well then, those 800 people, haven't got a job."
Cosworth, the only independent engine suppliers in Formula One, are yet to secure a contract with a team for next season.