Slow sales have Piper Aircraft planning a layoff this month that could affect up to 150 workers, the company announced Wednesday. Production will be scaled down for this year and next, resulting in the termination of 15 to 20 percent of its 750 employees, the company said. "Piper Aircraft has experienced steady recovery since 2009, however, we are facing challenges and economic instability in several key regions of the world, including Asia, parts of Europe, and Latin America," Piper President and CEO Simon Caldecott said in a statement. "The team at Piper is committed to the business and as such must make the agonizing decision to adjust accordingly. We are focused on maintaining market share while working towards the completion of the M600 certification program. However, we must better align production with current market demand."
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