18 Nov 2014

Carterham F1 sack 230 staff

11:34 am on 18 November 2014

The Caterham Formula One team have made 230 staff redundant while still planning to race in this weekend's Abu Dhabi season-ender.

Grand Prix Formula One Brazil 2014.

Grand Prix Formula One Brazil 2014. Photo: PHOTOSPORT

The team went into receivership last month but will still take 40 people to the Yas Marina circuit with their expenses to be paid with money raised through a crowd-funding initiative.

The Japanese driver Kamui Kobayashi will resume his role with Caterham at the race, a team statement says.

The other driver is yet to be announced after Swede Marcus Ericsson severed ties with the team ahead of a move to Sauber for next season.

Caterham raised almost $4 million of a targeted targeted $4.75 million by last Friday, with the deadline reset to Sunday but still face an uncertain future.

The redundancies had come at the request of a majority of the staff who had wanted to start a formal claims process that takes at least a month before any payments are made, if the team is not sold.

The staff at the Leafield factory in central England have not been paid since the end of September and have worked without pay for the past seven weeks in a bid to keep the team alive.

Rivals Marussia, who also went into receivership last month, have ceased trading with some 200 staff made redundant.

Both teams missed the last US and Brazilian Grands Prix, leaving a grid of just nine teams and 18 cars.