Toyota has retrenched 500 staff from its Cologne HQ following its recent withdrawal from F1, a spokesperson for the team confirmed today.
Subject to their length of service with the team, each staff member will receive termination payments and partial salaries for up to one year.
About 150 staff will remain for the site’s ongoing projects, including sports tuning of road cars and the development of non-F1 racing cars.
Although the team was never able to scrape a win in almost 140 starts, that doesn’t mean there wasn’t a massive talent pool within the team. One hopes the new teams will be furiously ringing around to snap up as many of the ex-Toyota crew as possible and now leave them in the dole queue for too long!
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