Piper Aircraft, in Vero Beach, Fla., is not immune to the market pressures that have been bearing down on the GA industry, and this week the company said it has instituted a reduced work schedule for some departments. "Our efforts are designed to maintain as many jobs (and associated benefits) as possible," Piper spokesman Mark Miller wrote to AVweb via e-mail on Tuesday. "We remain concerned about the turmoil and volatility in the world's financial markets," Miller added. "In accordance with normal seasonality and softening market demand, Piper continually assesses and adjusts its workforce and schedule." The company normally shuts down briefly around the holidays, he said, and this year will close most departments for three weeks. According to the Palm Beach Post, in recent years the holiday shutdown has been only one or two weeks long. Although the company has not announced any layoffs or staff cuts, one worker told the local TCPalm news site that her job was eliminated, along with about 20 others.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/piper-reduces-work-schedules