'Budgetcap has greater impact on Ferrari than Mercedes and Red Bull Racing'

Ferrari would have liked to have had a little more time to adjust the size of their racing team to the new budget limit of USD 145 million. They would have preferred to transfer the people who are no longer able to work on the racing team instead of firing them, but that would have taken time, especially in Italy.

That is because labour legislation in Italy is less flexible than in Great Britain, explained Franco Nugnes of Motorsport.com. "There are therefore complications that make this process more complicated for Ferrari than for Mercedes and Red Bull." Ferrari are also trying to keep their manpower with different strategies.

Ferrari to relocate expensive employees

Among other things by placing important figures with other teams. For example, Simone Resta is the new technical director at Haas and Jock Clear, who allegedly earns a considerable salary, will be taking care of all the drivers in the junior programme at the Ferrari Driver Academy.

Finally, there are plans to reduce salaries in order to keep as many people as possible employed. Something that entails the risk that their best people will look for a better-paid job. In any case, it remains difficult for Ferrari to dismiss people just like that.

"The drastic cost reduction adopted last year as a result of the COVID-19 pandemic is having a greater impact on Ferrari, which has to deal with an Italian law that is much more bureaucratic than the British, where contractual tyres have always been looser and above all more flexible," added Nugnes.