Cost cutting could impact driver salaries - Mercedes-Benz Forum

 
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 12-18-2008, 02:15 AM Thread Starter
CH4S Artist
 
Teutone's Avatar
 
Date registered: Sep 2004
Vehicle: 1985 500SEC, 1991 190E 2.6.
Location: Los Angeles / Hannover Germany
Posts: 33,566
Mentioned: 11 Post(s)
Quoted: 957 Post(s)
Lifetime Premium Member
(Thread Starter)
Cost cutting could impact driver salaries

Cost cutting could impact driver salaries
Domenicali keen to visit retainer issues
18/12/08 09:11



Photo F1-Live.com

Market forces to go out of the window
in Formula One?
F1's high-earning race drivers will not be able to avoid the impact of the financial crisis, according to leading team bosses.

Amid the global economic downturn, and Honda's withdrawal from the sport, the teams and the FIA agreed a radical raft of cost-cutting measures that should slash current annual budgets in half by 2010.

Mercedes' Norbert Haug admitted earlier this week that possible cuts in the drivers' wages will be handled internally in compliance with market forces.

Stefano Domenicali tells the Italian magazine Autosprint: "I feel in the current climate the big teams won't have the ability any more to think of offering certain amounts of money that some drivers get."

"So discussions can be held on this issue," the Ferrari Team Principal said.


The brunt of the global crisis struck late in 2008, after Kimi Raikkonen for example agreed a new contract believed to be in excess of $30m per season.

Domenicali said: "Anything can be modified in life. The important thing is wanting to do it. I'm convinced this issue will soon be discussed among all the teams and with every driver."

Source: GMM
© CAPSIS International
Teutone is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Mercedes-Benz Motorsports & Racing

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Cost of daily-driver ownership sualk54 R129 SL-Class 5 03-04-2007 09:09 PM
    50 Cent interviews with Impact Worldwide (Division of Impact 210) corporate magazine. theindustrybuzz Off-Topic 0 01-07-2006 11:45 AM
    Jessica Simpson interviews with Impact Worldwide (Division of Impact 210) corporate magazine. theindustrybuzz Off-Topic 0 01-07-2006 11:45 AM
    Impact Worldwide Division Launched by Impact 210 (Impact 210) theindustrybuzz Off-Topic 0 01-02-2006 11:32 PM
    Impact Worldwide Division Launched by Impact 210 (Impact 210) theindustrybuzz Off-Topic 0 01-02-2006 11:21 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome