VERO BEACH, Fla. (AP) - Piper Aircraft Inc. announced it has
laid off 300 employees from its Vero Beach headquarters.
A company spokesman said Tuesday that aircraft sales have
dropped significantly because of a global recession. Piper also
plans to close for one week in April and in July to avoid building
up unnecessary inventory. The spokesman says shutdowns will be
without pay and will affect all employees in the company, from
executive management to hourly manufacturing employees.
It's not yet clear how the layoffs will affect the company's $32
million incentive package from Indian River County and the state.
The package was supposed to help the company stay in Florida and
add more than 200 employees. Piper has already received $4 million
from the county and $6.7 million from the state.