Red Bull Racing expects 152 layoffs

Red Bull Racing expects to layoff 152 employees when it shutters

operations in December.

Red Bull Racing filed a notice this week as part of North

Carolina’s Worker Adjustment and Retraining Notification Act that

the layoffs were expected by Dec. 17, 2011. Red Bull is a two-car

team that entered NASCAR in 2007. The Austrian-based energy drink

company both owns and sponsors the team, which presently fields

cars for Kasey Kahne and Brian Vickers.

Kahne is moving to Hendrick Motorsports next season, and Vickers

is in the final year of his contract.

Red Bull says the closure is permanent.

Red Bull also owns a pair of two-car Formula One teams.