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.