[deggis]

Originally Posted by Japanese Samurai

According to AUTOSPORT(of Japan), Toyota keeps holding their F1 factory.
Then, the employee of Köln needs their job!

Joe Saward says:

The company is understood to have studied a variety of options to keep the team alive, notably selling it to the management or to a third party, but the conclusion reached was that it would be cheaper to simply close it down, given the redundancies that would have been required as a result of the plans that were agreed by the Formula One Teams Association (FOTA) to bring down F1 staffing levels.

The news will be a major blow for the staff in Cologne, many of them who relocated to Germany to work for the team. There is no other F1 activity in the region as Mercedes-Benz currently does almost all of its F1 work in Britain. The nearest F1 team is Sauber in Switzerland.

http://joesaward.wordpress.com/2009/...firms-pullout/