V8 Supercars Australia has retrenched a number of key personnel

V8 Supercars Australia has retrenched a number of staff members from roles at is Queensland headquarters as part of a major review of its operations undertaken by its new owners before the start of the 2012 season.

It is understood that close to ten staff have been given the chop, including former motorsport manager Adam Perry and events manager Kim Faithful.

Perry had been a key figure in the much publicised ‘Car of the Future’ project in his role with V8SA, while Faithful had been instrumental in setting up one of the newest and most popular events on the calendar, the Sucrogen Townsville 400.

The changes in the organisation’s structure come some eight months after V8 Supercars Australia had a majority shareholding acquired by investment group Archer Capital.

“V8 Supercars must frame its business to the current and expected environment – as is the case for all businesses that want to remain strong and competitive,” a statement from V8SA, confirming the job losses, reads.

“The company has been on a strong growth trajectory. To ensure that continues, V8 Supercars undertook a comprehensive business review in 2011.

“That process, along with the uncertain economic outlook, led to a restructure that involves a small number of job cuts. While some changes will happen through natural attrition there are, unfortunately, a handful of redundancies.

“We are in the process of consulting affected staff and are providing out-placement assistance and redundancy packages.

“We never like to lose staff but this is a necessary step in V8s’ continued growth.”

The statement added that the job cuts would have no impact on scheduled events, either current or planned.

One guesses it’s the old adage of ‘Do more, but with less’…

[Image via Taringa]

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.