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Red Bull's departure from NASCAR to result in loss of 152 jobs

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Red Bull Racing, which announced in June that it would withdraw from NASCAR at the end of the season, will shutter its operations in Mooresville in December and lay off 152 employees.

The company filed a notice this week with the N.C. Department of Commerce under the Worker Adjustment and Retraining Notification Act.

The operations will close sometime between Dec. 17 and the end of the year.

Red Bull operated its Sprint Cup racing team different than many other teams.

The Austrian-based energy drink company owns the entire race team operation rather than being a primary sponsor for another car owner.

Hendrick Motorsports and Richard Childress Racing, for example, arrange sponsorship deals for the cars they own.

Red Bull's three NASCAR drivers are Brian Vickers, Kasey Kahne and Cole Whitt.

The company also has a Formula 1 racing team.

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About the blogger

Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or e-mail him.

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