Tuesday, June 25, 2024
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Red Bull NASCAR team shutting down today

Sirius/XM NASCAR Radio’s “Sirius Speedway” is reporting Red Bull Racing’s five-year run as a NASCAR Sprint Cup Series team will come to an end on Thursday, when the last of approximately 150 employees will be laid off and the competition shop shut down.  The team has not been able to come up with a new owner.

After 284 Sprint Cup starts, over 106,000 competitive laps and two victories, the team informed its remaining employees this week that Thursday will be the final day of operation. A memo was distributed by the team’s Human Resources Manager outlining severance procedures and establishing a schedule for exit interviews.

After a brief team meeting &. the team will raffle off sheet metal, mementos and photos that have hung at the Red Bull shop and distribute cases of Red Bull to departing employees. “We know it will be a difficult day for everyone,” said the memo, “as a large number of employees will be exiting the facility.

The team’s drivers this year were Brian Vickers and Kasey Kayne.  Kayne will be moving on to a new ride next year with Hendrick Racing.  Brian Vickers is still on the market.

Source:  Sirius/SM Radio

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