Piper Aircraft announced today it will shut down its plant for another two weeks in a move to ensure its continued viability. The company announced earlier this month it would close the plant for a week in April and July for all employees without pay. I t will now shut down for a week in May and another week in June, blaming the overall weakness in the economy, the inability of customers to obtain financing and the increase of both new and used aircraft inventory. “We realize and ...
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