Page "Piper Aircraft" Paragraph 33

In February 2009, the company announced it was laying off an additional 300 workers without notice immediately and the 650 remaining workers would be given unpaid weeks off in April and July to reduce unsold inventory.

Piper spokesman Mark Miller stated company regretted the pain caused by the layoffs and indicated the employees would be rehired when the economy improves.

He also said: " Even the willing buyers that we have find it incredibly difficult to get financing ... We can't keep a full workforce on at this point when people aren't buying planes ... If market conditions continue to deteriorate, it may be necessary for the company to take additional actions ".

On 24 February 2009, the company announced it would add two more weeks of unpaid furlough for its employees in May and June, bringing the total to four weeks in 2009, citing a need to reduce inventory and cut expenses.

In June 2010, the company announced it would shut down for a further week in August to save money.

The lay-off affected all workers except those on the PiperJet program and some critical company business functions.