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Penske Orders Pay Cuts for Senior Leadership with Layoffs Looming
https://www.autoweek.com/racing/indycar/a31967363/penske-corporation-orders-pay-cuts-for-senior-leadership-with-layoffs-looming/#:~:text=The%20Team%20Penske%20racing%20shop%20was%20shuttered%20this,just%20motorsports%20and%20into%20all%20Penske%20Corporation%20holdings.
Penske Orders Pay Cuts for Senior Leadership with …
https://www.autoweek.com/racing/indycar/a31967363/penske-corporation-orders-pay-cuts-for-senior-leadership-with-layoffs-looming/
The Team Penske racing shop was shuttered this past week after North Carolina governor Roy Cooper ordered all non-essential businesses to close. Penske's memo said notifications will come from...
Penske begins layoffs at Variety – AutoRacing1.com
https://www.autoracing1.com/pl/213303
The first round of reductions at Variety under new owner Jay Penske (also IndyCar team owner of Dragon Racing) was announced in a 1:40 p.m., unbylined post at sister site Deadline.com. "The total number of this first round of layoffs is 20-25 people — none in editorial, we’re hearing." The "Dear Team" memo from Penske is up there:
Penske Orders Pay Cuts for Senior Leadership, layoffs coming …
https://www.autoracing1.com/pl/60467
Have not heard about any layoffs at IndyCar yet. 03/29/20 Roger Penske informed employees of all his companies on Saturday that salaries have been cut effective immediately for the company’s senior leadership, with layoffs possible, as the global coronavirus shutdown continues into its third week.
Team Penske - Official Web Site
https://www.teampenske.com/
Team Penske scores a 1-2 finish in the Acura Sports Car Challenge at Mid-Ohio. ... stock car and sports car racing competition. Over the course of its 56-year history, the team has also earned 18 Indianapolis 500 victories, three Daytona 500 Championships, a Formula 1 win, overall victories in the 24 Hours of Daytona and the 12 Hours of Sebring ...
LAYOFFS AT PENSKE LOGISTICS (UPDATED) - AM I NEXT?
https://www.aminext.com/blog/2019/5/30/am-i-next-no-love-layoffs-at-penske-logistics
FEBRUARY 25, 2020 — PENSKE LOSES FORD MOTOR CONTRACT, LAYS OFF 120 EMPLOYEES IN COLDWATER, MICHIGAN Penske Logistics has announced that they will be leaving Coldwater, Michigan after losing a Ford Motor Company contract to a competitive bidder. An estimated 120 employees will be laid of at the Col
Senior Leadership, with Layoffs Looming Penske Corporation …
https://c19corporatememory.org/sites/default/files/2020-05/Penske%20Orders%20Pay%20Cuts%20for%20Senior%20Leadership%20with%20Layoffs%20Looming.pdf
The Team Penske racing shop was shuttered this past week after North Carolina governor Roy Cooper ordered all non-essential businesses to close. Penske's memo said notifications will come from management leaders if layoffs become necessary. That message goes beyond just motorsports and into all Penske Corporation holdings.
Team Penske - Drivers, Stats, & Schedule | Official Site Of …
https://m.nascar.com/racing-teams/team-penske/
Team Penske Racing Team About Team Penske Team Penske, formerly know as Penske Racing, was founded back in 1966 by 'The Captain' Roger Penske. They have earned four national series driver's titles, five Xfinity Series Owners championships, and 214 victories in NASCAR so far. Roger Penske also runs a full-time IndyCar team that has just […]
120 Penske Logistics workers to be laid off after loss of contract
https://cdllife.com/2020/120-penske-logistics-workers-to-be-laid-off-after-loss-of-contract/
In May 2019, Penske Logistics announced plans to close their Fort Wayne, Indiana, facility and laid off about 80 workers. Penske said that Fort Wayne closure was due to a “recent local trucking contract termination.”. The Penske Logistics news comes the same week that Black Horse Carriers shuttered a Wisconsin terminal and laid off 68 workers. This terminal …
Layoffs are sign of times in racing - augustachronicle.com
https://www.augustachronicle.com/story/sports/nascar/2010/12/09/layoffs-are-sign-times-racing/14569194007/
Roush Fenway Racing, Richard Petty Motorsports and Penske Racing laid off 185 people this week as they prepare for a scaled-down presence in 2011. Roush Fenway dropped 80 people, according to Sporting News, after reducing its number of Nationwide teams to three. Roush Fenway also supplies cars and engines to Petty, which dropped from four fulltime cars …
You Have Been Laid Off, Merry Christmas! - Insider Racing News
http://www.insiderracingnews.com/Writers/AM/120710.html
But with only enough sponsorship arrangements to field two cars for the 2011 NASCAR Cup Series, Petty was forced to layoff approximately 150 employees. Penske Racing fielded three Cup Series cars and two Nationwide Series cars during the 2010 season. Penske had sponsorship for one Cup team and one Nationwide team from Verizon Wireless.
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