Piper Aircraft Inc. Tuesday morning announced a deal with CAE Oxford Aviation Academy for replenishment of its fleet, which includes an initial order of 35 planes.
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INDIAN RIVER COUNTY, Fla. - Piper Aircraft is laying off 60 employees, about 6 percent of its work force, after a downward revision in its sales forecast.
The employees were informed of the lay offs this morning. They are being given the option of two weeks severance pay immediately or the option of working two more weeks and then given one week severance, according to Steve Johnston, vice president of Human Resources.
The lay offs follow an unpaid one-week furlough employees were required to take in the first part of August. Most employees will also be subject to another unpaid one-week furlough the week after November when inventory is taken place at the plant.
Piper is not alone in the General Aviation industry in having to reduce its workforce. Last week, Cessna Aircraft announced it would lay off 700 employees and Hawker Beechcraft announced it would lay off 350 workers.
"People are just not buying high-end, luxury goods right now and airplanes fall into that category," said Johnston.
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