Wednesday, 30 June 2010

Piper pain

The hoped for recovery seems to be happeneing a little slower than we'd like. Piper's Vero Beach factory will close for a week in August with almost all employees getting a week off without pay.

A small group of people will remain to ensure that critical parts get shipped, and that any customers can pick up their new aeroplanes. The PiperJet development group will also be at work during that week.

It's the jet decison that I find interesting. Is there so much internal (or investor?) pressure that a week will make a big diference, is it intended to send a message to the industry that the jet is the company's top priority or is it a case of managing customer (deposit holder) expectations?


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