A meeting to discuss a potential reduction in the Formula 1 budget cap which was due to take place today has been delayed.
The meeting is expected to take place next week following the submission of more detailed proposals from several teams which the FIA wished to examine in close detail.
In the meantime Renault has become the fourth UK-based Formula 1 team to announce it is placing its staff on temporary leave during the hiatus. It will take advantage of the Job Retention Scheme offered by the British government.
Its engine operation in Viry-Chatillon, France has implemented a part-time work schedule effective from the beginning of this week. Both sites are also observing the extended mandatory shutdown for F1 operations.
“The very difficult human and sanitary circumstances that we are experiencing and the strict lockdown in France and England, as well as in most of the grand prix-organising countries, do not yet allow us to measure the impact on our sport,” said Renault Sport Racing managing director Cyril Abiteboul.
“We therefore must use all the measures at our disposal to get through this prolonged period of uncertainty and inactivity as best as we can, while protecting the whole team we have built over the past four years.”
This article will be updated.
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