- Lead Lap's NASCAR News - http://lead-lap.com -
NASCAR Teams Make Job Cuts
Posted By Michael J Smith On November 20, 2008 @ 1:51 pm In Sprint Cup | 2 Comments
The economic downturn is taking its tool on everyone, including NASCAR. As automakers struggle to stay afloat, and seek to secure bailout funds, NASCAR teams announce layoffs.
Since the end of the Sprint Cup season, Petty Enterprises, Wood Brothers Racing, and Bill Davis Racing have all laid off employees.
Even the larger teams, including Hendrick Motorsports, Joe Gibbs Racing, and Roush Fenway Racing, have cut some employees.
Many economists and analysts are predicting hard times for quite a while, which means we could see more cuts and more drastic measures.
NASCAR recently did away with testing  in an effort to lower costs.
Article printed from Lead Lap's NASCAR News: http://lead-lap.com
URL to article: http://lead-lap.com/2008/11/20/nascar-teams-make-job-cuts/
URLs in this post:
 did away with testing: http://lead-lap.mikejsmith.net/2008/11/15/nascar-suspends-testing-for-2009/
Copyright © 2009 mikejsmith.net. All rights reserved.