"Piper is not immune to the deteriorating global
economy, and we have adjusted our work schedules and staffing
levels to this reality... Piper's efforts are designed to preserve
as many jobs and associated benefits as possible, as well as
position ourselves to emerge from this downturn as a stronger
Source: Mark Miller, spokesman for Piper
Aircraft. The planemaker has reportedly started has terminating
employees, and is not revealing how deep the cuts will be.