Richard Petty says with merger nearing completion

Richard Petty said the Richard Petty Motorsports-Yates Racing proposed merger is still in the hands of the lawyers, but with the likelihood of it happening, RPM had to begin its staff reductions this week. Sources indicated more than 150 people were laid off earlier this week or were told they would be laid off after the season ends next week at Homestead-Miami Speedway. RPM, which fields four teams, and Yates, which fields two, announced in September they planned to merge – and with NASCAR's four-team limit, the staff reductions were anticipated. "If we're going to do what we're going to do, we've got to start somewhere," Petty said Friday at Phoenix International Raceway. "This is basically where we're starting." Many of those laid off were in the engine shop and the car manufacturing department, sources said. The new organization will use Roush Yates Engines and likely will be based in the current Yates shop in Concord, N.C. – about 45 miles from the current RPM shop in Statesville, NC. "I think we're moving there to the [Yates shop near the] airport," Petty said. "As far as I know. Tune in next week." SceneDaily