The Caterham F1 Team has sacked between 30 to 50 staff of its 350-strong workforce as it begins a radical overhaul under its new owners.

The Leafield-based team was recently sold by Tony Fernandes to a consortium of as-yet-unnamed Middle Eastern and Swiss investors ahead of this month’s British Grand Prix. The owners installed former F1 driver Christijan Albers (pictured above) as the outfit’s new team principal, while former F1 team boss Colin Kolles was brought on as an advisor.

Kolles had forewarned of a major restructuring across the board as he and Albers looked to rapidly improve the team’s poor 2014 form.

“The team has also confirmed that it has parted company with a number of employees. This is a necessary step taken by the new owners of Caterham F1 Team whose priority is the future of the team,” a brief media release from the team reads.

Among those be made redundant are Deputy Technical Director Jody Eggington and Head of Track Operations Gerry Hughes. Reserve driver Alexander Rossi announced his departure from the team yesterday.

The team also made a number of appointments and promotions. Manfredi Ravetto will support Albers in the dual roles of Deputy Team Principal and General Manager.

Simon Shinkins has also joined the team as COO, as well as Miodrag Kotur who is now Team Manager. Michael Willmer is the team’s new Director of Legal Affairs and Gianluca Pisanello is promoted to Head of Trackside Engineering.

“Simon Shinkins has also joined the team as COO, as well as Miodrag Kotur who is now Team Manager. Michael Willmer is the team’s new Director of Legal Affairs and Gianluca Pisanello is promoted to Head of Trackside Engineering,” the media release added.

“Finally, John Iley is now the team’s Technical Director, leading the work being done to improve the 2014 car and the 2015 new car project.”

Image via F1 SK

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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.
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