LATEST

Job cuts issued at V8 Supercars Australia

Speedcafe.com

Friday 20th January, 2012 - 11:25am

Share:

Former V8 Supercars motorsport manager Adam Perry

Former V8 Supercars motorsport manager Adam Perry

V8 Supercars Australia has cut a number of staff members from its books as part of a major review of its operations prior to the start of the 2012 season.

Speedcafe.com understands that close to 10 staff have been removed from the Gold Coast based business as part of the review.

Key among those leaving the company are former motorsport manager Adam Perry and events manager Kim Faithful.

A former Larkham Motor Sport employee, Perry had been heavily involved in V8 Supercars’ Car of the Future project as part of his role within the company, while Faithful was the founding manager of the Townsville 400 event.

The change to staffing levels comes eight months after Archer Capital became a majority owner of the V8 Supercars business.

V8 Supercars Australia

V8 Supercars Australia

When contacted by Speedcafe.com, V8 Supercars Australia provided a holding statement explaining that the cuts are part of a plan to ensure the future growth of the business.

“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,” said the statement.

“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.

“There will be no impact whatsoever on our events, whether current or planned.”

V8 Supercars will be on track for the first time next month in the pre-season test at Sandown Raceway (February 11).

Speedcafe.com comment policy

Comments require approval before being published. Speedcafe.com reserves the right to deny any post that is abusive or offtopic.

Users are encouraged to flag/report comments which should be removed.

Some comments may require approval before being published which can take up to 48 hours.

For support, please contact [email protected]

Comments are closed.

Speedcafe.com has been established to provide a daily motorsport news service to the industry and fans in Australia and internationally.

Read the Speedcafe.com promise
Newsletter

Subscribe to our daily newsletter, the best way to get your news first, fast, and free!