Ferrari wants F1's "soft landing" for budget cap extended during COVID pandemic

Ferrari boss Mattia Binotto wants an extension of the "soft landing" that gives Formula 1 teams more time to adjust to the budget cap

Ferrari wants F1's "soft landing" for budget cap extended during COVID pandemic

When the new financial regulations come into play in 2021, teams will be restricted to a spend of $145m and the biggest teams, including Ferrari, will need to downsize or redeploy staff.

Ferrari has the option of moving people to its road car division, while both Mercedes and Red Bull have been creating projects that allow them to use F1 staff in other areas.

Earlier this year it was agreed to give those teams an extra six months to adjust, but Binotto says it's not enough.

Ferrari's position is complicated by an Italian government decree that mandates a freeze on lay-offs during the pandemic.

"I think the question is a good one," said Binotto. "[It is] very important at that stage [that] the soft landing has been decided, approved with all the teams, F1, FIA at the time, knowing that with the COVID situation, the fact that it has been very difficult to dismiss people, to lay-off people in that period.

"Knowing that as well in terms of message, it would be completely wrong, I think, to lay-off people when we are in the COVID pandemic situation.

"And I think the fact that the pandemic is not finished and we are still have an emergency matter, the mechanism of the six months eventually needs to be reviewed, and eventually we should try to postpone that mechanism, by the end of the year."

Binotto confirmed that he is lobbying the FIA on the matter.

"I think that as social responsibility, it would be very bad to dismiss people during the COVID, and knowing that we need to do it very soon, we don't believe that would be the right approach," he said.

"So it's something on which I'm very keen, and I would like and I will discuss with the FIA to understand, and with the other teams [to see if] there is any possibility to accommodate what is still an emergency situation?

"That's on one side. On the other side, as we've said, how are we organising ourselves. Obviously we were trying to restructure our team. We are trying to reallocate people on the road cars because we are still a very big company.

"These are some opportunities we've got. But it's a difficult exercise on which we have started. The solution is not obvious."

shares
comments
Pirelli: "No reason" not to continue with new tyres in 2021
Previous article

Pirelli: "No reason" not to continue with new tyres in 2021

Next article

Wolff wary of Formula 1 "fuel and oil war" in future engine rules

Wolff wary of Formula 1 "fuel and oil war" in future engine rules
Load comments
The downside to F1's show and tell proposal Plus

The downside to F1's show and tell proposal

Technology lies at the heart of the F1 story and it fascinates fans, which is why the commercial rights holder plans to compel teams to show more of their ‘secrets’. STUART CODLING fears this will encourage techno-quackery…

Formula 1
Nov 29, 2021
How getting sacked gave Mercedes F1’s tech wizard lasting benefits Plus

How getting sacked gave Mercedes F1’s tech wizard lasting benefits

He’s had a hand in world championship-winning Formula 1 cars for Benetton, Renault and Mercedes, and was also a cog in the Schumacher-Ferrari axis. Having recently ‘moved upstairs’ as Mercedes chief technical officer, James Allison tells STUART CODLING about his career path and why being axed by Benetton was one of the best things that ever happened to him

Formula 1
Nov 28, 2021
The remarkable qualities that propelled Kubica’s F1 comeback Plus

The remarkable qualities that propelled Kubica’s F1 comeback

It’s easy to look at
 Robert Kubica’s second Formula 1 career and feel a sense of sadness that he didn’t reach the heights for which he seemed destined. But as BEN ANDERSON discovered, performance and results are almost meaningless in this context – something more fundamental and incredible happened…

Formula 1
Nov 27, 2021
The humbling changes Ricciardo made to deliver the goods for McLaren  Plus

The humbling changes Ricciardo made to deliver the goods for McLaren 

From being lapped by his own team-mate in Monaco to winning at Monza, it’s been a tumultuous first season at McLaren for Daniel Ricciardo. But, as he tells STUART CODLING, there’s more to the story of his turnaround than having a lovely summer holiday during Formula 1's summer break...

Formula 1
Nov 26, 2021
The potential benefits of losing the F1 constructors' title Plus

The potential benefits of losing the F1 constructors' title

As the battle continues to rage over the F1 2021 drivers' championship, teams up and down the grid are turning their attentions to the prize money attributed to each position in the constructors' standings. But F1's sliding scale rules governing windtunnel and CFD use will soften the blow for those who miss out on the top places

Formula 1
Nov 25, 2021
The invisible enemy that’s made Hamilton’s title charge tougher Plus

The invisible enemy that’s made Hamilton’s title charge tougher

After winning his past few Formula 1 titles at a canter, Lewis Hamilton currently trails Max Verstappen by eight points heading into the final double-header of 2021. Although Red Bull has been his biggest on-track challenge, Hamilton feels that he has just as much to grapple with away from the circuit

Formula 1
Nov 24, 2021
Why F1’s inconvenient penalties have to stay Plus

Why F1’s inconvenient penalties have to stay

OPINION: Quibbles over the length of time taken by Formula 1's stewards over decisions are entirely valid. But however inconvenient it is, there can be no questioning the importance of having clearly defined rules that everyone understands and can stick to. Recent events have shown that ambiguity could have big consequences

Formula 1
Nov 23, 2021
The mistakes Red Bull cannot afford to repeat in F1 2021’s title fight climax Plus

The mistakes Red Bull cannot afford to repeat in F1 2021’s title fight climax

OPINION: Red Bull has had Formula 1’s fastest package for most of 2021, but in several of the title run-in events it has wasted the RB16B’s potential. It cannot afford to do so again with Lewis Hamilton motoring back towards Max Verstappen in the drivers’ standings with two rounds remaining

Formula 1
Nov 23, 2021