Manor Formula One team ceases trading

ByReuters

Published 27/01/2017 at 12:58 GMT

The Manor Formula One team has ceased trading and a formal redundancy process for all 212 staff will start next week, administrators FRP Advisory said on Friday.

Manor Racing's Esteban Ocon of France

Image credit: Reuters

The British-based team, last in the 2016 championship, was placed in administration earlier in January.

"It is deeply regrettable that the team has had to cease trading and close its doors," said joint administrator Geoff Rowley in a statement.

"We shall initiate a formal redundancy process for all staff on Tuesday, once they have been paid for the full month of January."

23/02/2024 at 15:35

15/02/2024 at 23:54

14/02/2024 at 17:32

Join 3M+ users on app

Stay up to date with the latest news, results and live sports

Scan me