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Caterham confirms F1 job losses

Caterham F1 Team first 2014 Renault V6 engine fire-upCaterham has confirmed reports "a number of employees" have left the team.

We reported earlier that, after founder Tony Fernandes' sale of the Malaysian team to mystery Swiss-Middle Eastern investors, advisor Colin Kolles had overseen the exit of "at least" 50 members of staff.

Caterham announced on Thursday morning a number of appointments, whilst also admitting it has "parted company with a number of employees".

"This is a necessary step taken by the new owners of Caterham F1 Team whose priority is the future of the team," a media statement read.

"No further comment will be made at this time."

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