Jaguar to cut Formula 1 workforce

The redundancies will be made following a review of every department, including Cosworth Racing and Pi Research, that forms the 370-strong workforce, one of the largest in F1.

Jaguar's communications and public affairs manager Nav Sidhu told Autosport.com: "We are undertaking an evaluation of all departments at Jaguar Racing to help the team achieve the best possible results. The net effect will be a reduction in the overall headcount."

The review will take place in the next few weeks and the specific number of job losses has yet to be decided.

The redundancies at Jaguar will end a difficult year for those who work in F1. Firstly, Prost Grand Prix went out of business, then Jordan axed 40 members of its staff in July, before Arrows personnel were let go in the wake of the team's continuing struggle for survival.

But Jaguar is keen to stress that its own cull is a "proactive" move rather than one that is "reactive".

"Several F1 teams this year have experienced problems and we want to avoid taking corrective action too late," said Sidhu.

"We haven't lost a principal sponsor, we have not lost the commitment from Ford, in fact it is quite the opposite. But we are expecting difficult times. There is no sign of an upturn in the world economy."