LONDON - Renault have furloughed most of their British-based Formula One race team until the end of May due to the Covid-19 pandemic, with management also taking a pay cut, the French carmaker announced on Friday .
"Renault Sport Racing has decided to retrospectively apply for the Job Retention Scheme set up by the British government," it said in a statement. Renault, whose F1 drivers are Australian Daniel Ricciardo and Frenchman Esteban Ocon, said it would top up the amount allocated by the government to guarantee a minimum of 80% of actual salary for all team members.Three other British-based teams - McLaren, Williams and Racing Point - have already announced they are furloughing staff with drivers also taking pay cuts.
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