Layoffs Are Simple Economics

Gemini Sparkle

Key Takeaways:

  • Piper laid off one-third of its workforce and drastically cut its annual production forecast to just 110 aircraft.
  • These significant reductions are attributed to the harsh economic realities currently facing aircraft manufacturers.
  • The article features an interview with Piper's Chief Corporate Spokesman, Mark Miller, discussing these challenges.
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Piper laid off a third of its work force on Tuesday and reduced its forecast production for the year to just 110 aircraft. AVweb‘s Russ Niles spoke with Piper’s Chief Corporate Spokesman Mark Miller about the harsh economic realities facing planemakers.

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