Statement from Williams :
Due to the ongoing situation involving Covid-19, ROKiT Williams Racing is temporarily furloughing a number of employees as part of a wider range of cost-cutting measures.
The furlough period will last until the end of May whilst senior management, and our drivers, have taken a pay cut of 20% effective from 1st April.
These decisions have not been taken lightly, however our aim is to protect the jobs of our staff at Grove and ensuring they can return to full-time work when the situation allows."
Racing Point commnted that that drivers Sergio Perez and Lance Stroll, would take a voluntary pay cut.
Their move follows a similar step by McLaren last week. McLaren boss Zak Brown told BBC Sport yesterday that the future of Formula 1 was at risk unless drastic action was taken.
A meeting between team bosses and F1 management will take place today in order to outine measures to protect the sport