It is estimated that when Formula One introduces its budget cap, depending on the form it takes and the actual spending limit placed on teams, across the board upwards of 4,000 jobs could be lost.

Despite the obvious problems this would cause for the 4,000 and the resultant knock-on effect across the industry, Renault boss, Cyril Abiteboul, sees a positive aspect in that the likes of Mercedes and Ferrari will be seriously distracted.

"We know we have a huge deficit in resources against the teams that ultimately we want to fight against," he says, according to Motorsport.com. "But we also know that things like the budget cap at some point will kick in.

"It makes no sense to stack up resources knowing that we will have to reduce and go down," he added, his team having increased its own headcount noticeably since its return as a constructor in 2016. "In a certain respect it will be most unprofessional to do that, to hire people that we may have to lose in the future.

"We are exactly at the tipping point of where F1 expects manufacturer teams to be," he insists, "so we need to accept to stand still.

"I would say that our disadvantage will be the resources that we have in the next two years," he admits. "But our advantage is that we will not have the distraction of having to think about the future. We can focus on going racing, and not having to think about a redundancy plan that will be a major distraction, let’s face it, for the management of teams that are much larger than us. There are pros and cons, I am not moaning, we have a plan and we will execute it."

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READERS COMMENTS

1. Posted by imejl99, 15/01/2019 10:48

"Brilliant strategy - we hope others will face difficulties. Wow!"

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2. Posted by Spindoctor, 14/01/2019 15:40

"Yikes!
if Mr A speaks true, Renault should pack-up & go home now, to save further, much worse embarrassment "

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3. Posted by FQITW, 14/01/2019 13:44

""so we need to accept to stand still”.

I had only glanced at this article up until now but after actually studying it I am staggered by Abiteboul’s comments proclaiming they will be standing still for the next two years.
This at a time when everyone else (teams) is saying how good they will all be in 2019 and everything is positive and rock n’ roll.

Renault will be going nowhere with this attitude.

Standing still in any area means going backwards, it’s the nature of the beast known as F1.

Have they a crystal ball?
Will there really be a meaningful, enforceable budget cap? I doubt it.

If Renault is waiting two years for the good times to arrive lets hope for their sake they are not wrong.

All from the team that insisted on F1 going hybrid…..
"

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4. Posted by klmn, 13/01/2019 18:41

"I now understand what Horner was fighting against."

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5. Posted by Max Noble, 13/01/2019 14:32

"Like wow Mr. editor... I could rewrite entire articles around that corporate posturing... and at least his 4,000 is aligned to my 5,000... I mean... let’s spend two years not staffing to the levels we could due to the concept that we might have possible potential as yet unconfirmed future cuts... wow...
I hope Daniel understands that his amazing new team will limit spending over the next two years because there might be future cuts... cosmic... just wait until I’ve calmed down and got my bearings. And then I’ll really panic... "

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6. Posted by Editor, 13/01/2019 11:23

"Max Noble to comment in 3.. 2.. 1.."

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Renault to benefit from budget cap redundancies?

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