DECEMBER 22, 1997
Danka in a spin
The company has also announced another 1000 job losses to add to a similar figure announced earlier this year. In the circumstances it is hard to see how the management of Danka can justify continuing in F1, particularly as the team has now lost Damon Hill. Even before the share collapse there was uncertainty as to whether Danka would continue as the title sponsor of Arrows. On the official FIA Formula 1 World Championship entry list the name of the Arrows title sponsor was left open.
Although this does not sound like a very healthy situation with only Parmalat confirmed as a sponsor, it may provide the Arrows team with the opportunity to sign a big new deal - possibly involving a new tobacco company.