The folks at Piper Aircraft have been upbeat about the economy, projecting a 75-percent gain in sales this year, but that optimism stumbled a bit on Monday when the company announced it will shut down for a week in August to save money. The brief hiatus "will leave us with our current workforce intact," Steve Johnston, vice president of human resources, told TCPalm. That strategy "will allow us to take advantage of any upside potential in orders between now and the end of the year," he added. The layoff applies to all staffers, including executives, with the exception of those working on the PiperJet program and a few critical business functions, Johnston said.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/piper-to-shut-for-a-week